Siemens Energy Shares Jump on Steeper Profit Targets Through 2030

By Adam Whittaker

Shares in Siemens Energy rose after the company said it was targeting sales growth and a jump in profitability in new midterm targets covering the next four years.

In European morning trade, shares in the German maker of energy equipment were 7.7% higher at 129 euros after a record fiscal 2026. Shares had been trading broadly flat over the year to date before the jump.

The rise came after Siemens Energy said 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.

Siemens Energy's growth outlook continues to cast shade on the rest of the sector, analysts at J.P. Morgan wrote in a note. The company is benefiting from growing data-center demand and electrification spending across its grids business.

For fiscal 2027, it expects revenue growth of between 14% and 16%, a profit margin before special items between 14% and 16%, as well as around 5 billion euros of net income, equivalent to $5.58 billion.

Both the 2027 guidance and the 2030 guidance exceeded market expectations, analysts wrote.

Siemens Energy said late Tuesday that it would buy back up to an extra 9 billion euros 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. Its order backlog also hit a new record level of 164 billion euros at fiscal year-end, which gives investors good visibility of organic growth.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

November 11, 2026 05:15 ET (10:15 GMT)