Siemens Energy Ag (SMEGF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to the Siemens Energy Q2 analyst call. As always, all documents were released at 7 a.m. on our website. On April 16, 2025, we pre-released our Q2 fiscal year 2025 figures due to a better than expected quarterly performance. On this occasion, we also raised our guidance for the full year. Our president and CEO, Christian Bruch, and our CFO, Maria Ferraro, are here with me. Christian and Maria will take you through the major developments during the second quarter of fiscal year 2025. This will take approximately 30 minutes, and thereafter, Christian and Maria are available to answer your questions. For the entire call, we have allowed an hour. So, Christian, over to you. Thank you very much, Michael. And good morning, everybody, also from my side. Thank you very much for joining us today. During the second quarter, our performance remained strong. Reflecting the strong performance, we have raised our guidance for the full year across all KPIs. In our last quarterly call, I explained the resilient nature of our business model, and this provides us with confidence that we are well-equipped to deal with tariffs as they arise and continue to focus on profitable growth. We continue to benefit from strong markets and booked orders of 14.4 billion euros, reflecting comparable growth of 52.3% against prior year quarter. Almost half of our orders in the quarter came from gas services, which booked their highest order intake in history. With a 1.45 book-to-bill ratio, our order backlog grew once again to a new record high of €133 billion. At the same time, we managed to further improve our backlog margins. Revenue came in at €10 billion, reflecting revenue growth of just over 20%. Growth for the first half was therefore close to 20% and well above...