Siemens Energy announced on Wednesday a record-high order backlog of €131 billion in its first-quarter fiscal 2025 earnings report. This marks an 11.2% increase from the €118 billion recorded in the same quarter of fiscal 2024.
Despite the strong order intake, the company reported a sharp decline in net profit, posting €252 million for the quarter.
This represents an 84.1% drop from last year's €1.6 billion. Earnings per share fell to €0.23, down 87.2% year-over-year.
