Siemens Energy Hits Record High with €131 Billion Order Backlog

In a groundbreaking announcement, Siemens Energy revealed a record-breaking order backlog of €131 billion for the first quarter of fiscal 2025. This significant achievement represents an 11.2% increase from the previous year's €118 billion, showcasing the company's robust demand and market confidence.

Sharp Decline in Net Profit Despite Strong Order Intake

However, the financial report also highlighted a dramatic 84.1% drop in net profit, plummeting to €252 million from last year's €1.6 billion. Earnings per share took a significant hit as well, decreasing by 87.2% year-over-year to €0.23.