Siemens Energy AG (OTCPK:SMEGF) Q1 2025 Results Conference Call February 12, 2025 4:30 AM ET
Company Participants
Michael Hagmann - IR
Christian Bruch - President and CEO
Maria Ferraro - CFO
Conference Call Participants
Vivek Midha - Citigroup
Akash Gupta - JPMorgan
Gael de-Bray - Deutsche Bank
Supriya Subramanian - UBS
Sebastian Growe - BNP Paribas Exane
Max Yates - Morgan Stanley
Alex Virgo - BofA Securities
Ben Uglow - Oxcap Analytics
Will Mackie - Kepler Cheuvreux
Vlad Sergievskii - Barclays
Sean McLoughlin - HSBC
Phil Buller - Berenberg
Simon Toennessen - Jefferies
Michael Hagmann
Good morning and a warm welcome to the Siemens Energy Q1 Analyst Call. As always, all documents were released at 7:00 a.m. on our website. And as a reminder, on January 27, we pre-released our Q1 fiscal year 2025 figures due to the better-than-expected cash flow performance.
Our President and CEO, Christian Bruch; and our CFO, Maria Ferraro, are here with me. Christian and Maria will take you through the major developments during the first quarter of fiscal year 2025. This will take approximately 30 minutes, and thereafter, Christian and Maria are available to answer your questions. For the entire conference call, we have allowed an hour. Christian, with that, over to you.
Christian Bruch
Yes. Good morning, everybody, also from my side. Thank you very much for joining us today. We had a strong operational performance during the first 3 months of fiscal year 2025, and this provides us a very good jump off base to achieve our full year targets. We booked orders of EUR 13.7 billion. This is down on last year's because Grid Technologies booked some very large orders in the prior year quarter.
However, the absolute level was above my original expectations. It's 1.53, the book-to-bill ratio was strong. And I'm pleased to say
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