February 13, 2025 14:28 GMT
CAPITAL GOODS: Siemens (SIEGR Aa3/AA-/A+): 1Q25 Results
CAPITAL GOODS
- Siemens reported revenue in line with consensus. Book to bill was steady at 1.1x.
- Adj. EBITDA beat by 4%.
- FCF of €1.6bn was ahead of €850mn expected. It reported net leverage at 0.4x, down from 0.7x QoQ.
- FY25 outlook was confirmed. Further stake sales in Siemens Energy and Healthineers are planned.
- Webcast replay https://edge.media-server.com/mmc/p/cc7ttbkc/.
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