SMAWF - Siemens Aktiengesellschaft (SIEGY) Q2 2024 Earnings Call Transcript
2024-05-16 08:57:08 ET
Siemens Aktiengesellschaft (SIEGY)
Q2 2024 Earnings Conference Call
May 16, 2024, 03:30 ET
Company Participants
Tobias Atzler - IR
Roland Busch - President & CEO
Ralf Thomas - CFO
Conference Call Participants
James Moore - Redburn
Alexander Virgo - Bank of America Merrill Lynch
Andre Kukhnin - UBS
Max Yates - Morgan Stanley
Simon Toennessen - Jefferies
Gael de-Bray - Deutsche Bank
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to Siemens 2024 Second Quarter Conference Call. As a reminder, this call is being recorded.
Before we begin, I would like to draw your attention to the safe harbor statement on Page 2 of the Siemens presentation. This conference call may include forward-looking statements. These statements are based on the company's current expectations and certain assumptions and are therefore subject to certain risks and uncertainties.
At this time, I would like to turn the call over to your host today, Mr. Tobias Atzler, Siemens Investor Relations. Please go ahead, sir.
Tobias Atzler
Good morning, ladies and gentlemen, and welcome to our Q2 conference call.
All Q2 documents were released this morning and can be found also on our IR website.
I'm here today with our CEO, Roland Busch; and our CFO, Ralf Thomas, who will review the Q2 results. After the presentation, we will have time for Q&A.
With that, I hand it over to you, Roland.
Roland Busch
Thank you, Tobias, and good morning, everyone. Thank you for joining us. We delivered a solid second quarter performance. This proves our resilience in a still muted macroeconomic environment.
And let's begin with the key takeaways. The robust top line momentum of our business highlights the strong demand from our customers to drive their digital and sustainability transformations. Book-to-bill reached a strong level of 1.07 with all businesses above 1 except for Digital Industries.
Order backlog climbed to another all-time high of €114 billion, supporting future profitable growth. Orders at €20.5 billion were 12% lower organically, materially influenced by the very tough comparable at Mobility due to prior year's major locomotive order in India.
Smart Infrastructure delivered record orders, up double digit, and for the first time exceeding the €6 billion mark. ...
Siemens Aktiengesellschaft (SIEGY) Q2 2024 Earnings Call Transcript