Siemens Energy Targets Steeper Profit Gains Through 2030
By Adam Whittaker
Siemens Energy is targeting sales growth and a jump in profitability under midterm targets over the next four years after a record fiscal 2026.
The German maker of energy equipment said Wednesday that it is targeting compound annual revenue growth of 12% to 14% through fiscal 2030 and a profit margin before special items of between 20% and 22% for the year. This compares with a margin of 12.4% in the fiscal year ended Sept. 30.
The updated targets came after Siemens Energy said late Tuesday that it would buy back up to an extra 9 billion euros--equivalent to $10.05 billion--of shares through 2030, on top of the current buyback of up to 6 billion euros.
Siemens Energy said Wednesday that net profit in its fiscal fourth quarter surged to 1.36 billion euros from 236 million euros in the same period a year earlier, while profit before special items more than tripled.
The company benefited from record quarterly revenue and a rise in orders.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
November 11, 2026 01:47 ET (06:47 GMT)
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