"In this successfully concluded fiscal year, we achieved record profits and diligently applied our strategy. We particularly benefited from strong and continued demand for solutions in electrification, transportation, and industrial software, while the automation sector remained challenging," said Roland Busch, President and CEO of Siemens AG. "Starting with fiscal year 2025, we will propel Siemens to a new level that will enable us to create and deliver solutions with impact on society and our customers. We will continue to invest in research and development, mergers and acquisitions to ensure faster growth, based on our technological strengths and ability to scale across diverse industries. The planned acquisition of Altair consolidates our leading position in industrial software and artificial intelligence. Our ability to combine the real world with the digital world is unmatched," said Roland Busch, President and CEO of Siemens AG.
"We achieved, once again, an excellent free cash flow of €9.5 billion in fiscal year 2024. We also continue strategic capital allocation, using good balance sheet results to continue investments, generating attractive returns for company shareholders. Our shareholders will benefit from the proposed dividend increase to €5.20, with a yield of 2.9%," stated Ralf P. Thomas, CFO of Siemens AG.
OutlookIn fiscal year 2025, we expect moderate economic growth, partly due to continued geopolitical uncertainty, trade conflicts, and ongoing challenges facing the manufacturing sector due to overcapacity and weak consumer demand. On the other hand, infrastructure markets, especially electrification and mobility, show successful activity.
Digital Industries anticipates for fiscal year 2025 a revenue change ranging from (6)% to 1% and a profit margin of 15% to 19%.Smart Infrastructure expects for fiscal year 2025 revenue growth between 6% and 9% and a profit margin of 17% to 18%.Mobility expects revenue growth between 8% and 10% and a profit margin of 8% to 10%.For the Siemens Group, we estimate revenue growth in the range of 3% to 7% and a book-to-bill ratio of over 1.
For fiscal year 2025, we anticipate earnings per share (EPS) from net income before purchase price allocation (EPS pre PPA) ranging from €10.40 to €11.00, excluding the gain from the sale of Innomotics; the preliminary gain of €2.0 billion after taxes will be recorded in the first quarter of fiscal year 2025. For comparison, EPS pre PPA in fiscal year 2024 was €10.54, excluding a gain of €0.61 per share from the investment in Siemens Energy.
This outlook excludes legal or regulatory liabilities.
Contact:Media relations, Phone: +49 89 7805-33443; e-mail: press@siemens.com
About Siemens AGSiemens AG (Berlin and Munich) is a leading technology company that offers solutions in industry, infrastructure, mobility, and healthcare. The company's purpose is to create technology to transform everyone's daily life. By combining the real and digital worlds, Siemens creates opportunities for its customers and society to accelerate digital and sustainability transformations, improving production processes, city and transportation infrastructure. Siemens is also a majority shareholder of the publicly listed company Siemens Healthineers, a leading global medical technology provider that innovates in healthcare under the motto: "For everyone. Everywhere. Sustainably."
In fiscal year 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net profit of €9.0 billion. As of September 30, 2024, the company had approximately 312,000 employees worldwide. Additional information is available on the internet at www.siemens.com.