Published by Global Banking & Finance Review®
Posted on February 13, 2025
2 min readLast updated: January 26, 2026
Add as preferred source on Google
Siemens reported better than expected profits despite a decline in its factory automation business, with revenue increasing by 3% to 18.35 billion euros.
By John Revill
ZURICH (Reuters) - Siemens reported better than expected profit for its latest quarter on Thursday, despite continued struggles at its factory automation business.
The German company saw a "significant decline" at its factory automation business - which makes industrial software and control systems - in the three months to the end of December, with revenues lower in all regions apart from the Americas.
As a result, Siemens reported an 8% drop in industrial profit to 2.52 billion euros ($2.63 billion), beating forecasts for 2.44 billion euros in a consensus of analysts provided by the company.
Revenue increased 3% to 18.35 billion euros, beating forecasts for 18.02 billion euros, and orders - albeit lower than a year earlier - also came in ahead of forecasts.
Chief Executive Roland Busch said the company had made a "promising start" to its 2025 fiscal year, which runs to the end of September.
The results of Siemens, whose products are used to automate and control buildings as well as to build trains, are seen as a proxy for the health of the broader industrial economy.
Siemens said it expected moderate economic growth this year, citing geopolitical risks, including trade conflicts and problems for global manufacturing, but confirmed its outlook for full year sales growth of 3% to 7%.
($1 = 0.9587 euros)
(This story has been corrected to show that the revenue was 18.35 billion euros, not 13.35 billion euros, in paragraph 4)
(Reporting by John Revill, editing by Rachel More)
The main topic is Siemens' better than expected profit report despite challenges in its factory automation business.
Siemens' factory automation business saw a significant decline in revenues, except in the Americas.
Siemens expects moderate economic growth and confirmed its outlook for full year sales growth of 3% to 7%.
Explore more articles in the Finance category
