Q4 2024 Siemens Energy AG Earnings Call Transcript
(audio in progress) Our call today. And as Michael indicated, we would like to do it a bit in two sections. First of all, Maria and myself will go through the usual reporting. And then thereafter, we will address on how we want to deliver midterm and the different business and how we execute our strategy going forward.
First of all, I'm pleased to say that we not only delivered strong growth and significant margin expansion, but that we have reached the top end of our guidance for fiscal year '24 for all the key KPIs and even after raising our guidance in quarter two of this fiscal year.
Cash flow came in very strong, and we generated more than EUR900 million of free cash flow in the quarter. We booked EUR50 billion of orders and again, finished the year with a record order backlog with significantly better margin quality. This means that we have built the case for strong growth and rising profitability for many years to come.
Electricity demand growth remained strong,
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