Siemens Energy got off to a solid start in the 2025 financial year, posting a profit of €252 million ($261 million) in the first quarter, despite being held back by turbine-maker subsidiary Gamesa, the group said on Wednesday.

Siemens Energy said first-quarter net profit for fiscal year 2025 fell but revenue rose, as the company’s order backlog continues to increase. The German energy company on Wednesday booked a net profit of 252 million euros ($261.

Siemens Energy India's top line was up 28% on a year-on-year basis, even as revenue for the non-energy businesses fell 3% annually and 22% sequentially.

Siemens Energy AG reported strong December quarter earnings, driven by increased electricity demands amid the artificial intelligence boom. View on euronews