Siemens Energy benefits from positive market environment and delivers another solid quarter. 

Adjusted outlook reflects stronger growth and positive cash development.

• During the second quarter of the fiscal year, Siemens Energy’s relevant markets and demand for electricity continued to develop strongly.
• As expected, orders decreased year-over-year from a high level of comparison mainly due to a lower volume of large orders. Growth at Grid Technologies and Transformation of Industry could not offset lower orders in the other segments, mainly Siemens Gamesa. Overall, the decline was 21.8% on a comparable basis (excluding currency translation and portfolio effects) and orders came in with €9.5bn. The book-to-bill ratio (ratio of orders to revenue) was again above 1, driving the order backlog to a new high of €119bn.
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