Siemens has reported a strong Fourth Quarter, completing a successful Fiscal 2024. In this period, orders rose 10%, with revenue increasing 2%.
Nominal growth showed orders growing by 8% to €22.9 billion. Revenue was up 1% to €20.8 billion, resulting in a book-to-bill ratio of 1.10.
'In another successful fiscal year, we delivered record profit and stringently executed our strategy. In particular, we benefited from continuing strong demand for electrification, transportation, and our industrial software offerings, while our automation business remained challenging,' says Roland Busch, President and Chief Executive Officer of Siemens AG.
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'Starting in fiscal 2025, we will take Siemens to the next level of value creation. We will continue to invest in R&D and M&A to secure faster growth based on our technological strengths and ability to scale across industries. Our planned acquisition of Altair reinforces our leadership in industrial software and AI. Our ability to combine the real and digital worlds is unmatched.'
'At €9.5 billion, we again achieved excellent Free cash flow in fiscal 2024. In addition, we are sticking to our path of stringent capital allocation by using our strong balance sheet as the basis for continuing our focused investments in profitable growth while generating attractive returns for the owners of our company. Our shareholders will benefit from the proposed increase of our dividend to €5.20 and from a corresponding dividend yield of 2.9%,' says Ralf P. Thomas, Chief Financial Officer of Siemens AG.
Outlook for Fiscal 2025
Siemens anticipates moderate macroeconomic growth in fiscal 2025, despite challenges such as geopolitical uncertainty, trade conflicts, and manufacturing sector overcapacity. Key infrastructure markets, particularly in electrification and mobility, remain strong.
More information:
Siemens
www.siemens.com