The Munich-based industrial conglomerate reported solid yet uneven performance in Q3 2024/25, with revenue rising 3% to €19.4 billion (5% adjusted for currency and portfolio effects). While smart infrastructure and medical technology subsidiary Healthineers drove growth, the Digital Industries division continued to struggle, particularly in software—a persistent headache for management. A bright spot emerged in automation, where sales grew for the first time since Q4 2023, fueled by demand in China. However, operating profit for industrial businesses fell 7% to €2.8 billion, weighed down by restructuring costs and lost software license revenue from the prior year.
Profit Boosted by One-Time Gains
Net income rose 5% to €2.2 billion, supported by the partial sale of airport logistics assets. Despite currency headwinds (the dollar’s 8% drop against the euro dented order growth) and sectoral weaknesses, Siemens maintained its annual forecast: 3–7% revenue growth and earnings per share of €10.40–€11.00. Recent acquisitions Altair and Dotmatics trimmed quarterly EPS by €0.15. The mixed signals underscore ongoing structural challenges, even as strategic divestments provide short-term relief.
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