Germany · Delayed Price · Currency is EUR Siemens Energy AG Earnings Call Transcripts
Fiscal Year 2026
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Guidance for fiscal 2026 is reaffirmed, with strong demand in Gas Services and Grid Technologies. Profitability trends remain stable, while supply chain and Middle East logistics are closely monitored. CapEx will rise, and a major share buyback is underway.
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The AGM celebrated record financial results, a strong order backlog, and a return to dividends, while addressing strategic investments, digital transformation, and challenges in the wind business. Shareholders approved all proposals, including remuneration adjustments, and engaged in robust dialogue on climate, governance, and global risks.
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Record Q1 order intake and backlog drove double-digit revenue and profit growth, with strong cash flow and margin expansion across all segments. Gas Services and Grid Technologies delivered standout results, while Siemens Gamesa showed operational improvement. Guidance for FY2026 remains unchanged.
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Record Q1 order intake and backlog, driven by strong gas and grid demand, led to robust earnings and cash flow. Investments focus on Europe and the U.S., with Gamesa break-even expected in H2. Supply chain resilience and data center demand remain key themes.
Fiscal Year 2025
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Strong structural demand and robust order intake drive record backlogs and margin expansion, with upgraded guidance for 2026 and 2028. Capacity constraints persist, but dynamic expansion and disciplined capital allocation support growth and resilience.
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Strong growth in electrification, grid, and gas markets is driving capacity expansion, operational excellence, and innovation. Upgraded financial targets include low-teens revenue growth and 14-16% margins by 2028, with €10 billion in shareholder returns and a focus on resilient, service-driven business models.
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Record fiscal year 2025 with double-digit revenue and profit growth, record order backlog, and strong cash flow. Upgraded guidance targets further margin and revenue expansion through 2028, with all segments contributing and Siemens Gamesa on track for break-even.
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Record Q3 order intake and revenue growth were driven by strong U.S. and offshore wind demand, with all segments showing improved profitability. Exiting Bund guarantees enables a potential 2025 dividend, and guidance is reaffirmed at the upper end of the range.
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Record Q3 order intake and revenue growth were driven by strong demand across all segments, especially in the U.S. and Europe. Profitability improved significantly, with robust margins and a strengthened balance sheet, while tariff and currency headwinds remain manageable.
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Q2 saw record orders, revenue, and profit growth, leading to a raised full-year outlook for all KPIs. Strong performance in Gas Services and Grid Technologies drove results, while tariff risks are being actively managed. Cash flow and backlog reached new highs.
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Record quarterly orders and revenue were achieved, with all segments contributing to strong growth and profitability. Upgraded full-year guidance reflects robust demand, a record order backlog, and effective risk management amid tariff and geopolitical uncertainties.
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The AGM highlighted a strong financial turnaround, with revenue and share price surging, while ongoing restructuring in the wind business and strategic investments in digitalization and renewables were emphasized. All management proposals, including board elections and compensation changes, were approved by large majorities.
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Q1 FY2025 saw strong revenue and profit growth, record order backlog, and excellent cash flow, with all segments contributing and offshore wind rebounding. Guidance for FY2025 and FY2028 is reaffirmed, supported by robust market demand and high-quality backlog.
Fiscal Year 2024
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Strong revenue and margin growth exceeded guidance, with record order backlog and robust cash flow. All segments contributed, though Siemens Gamesa remains a turnaround focus. Fiscal 2025 targets 8%-10% revenue growth and improved margins, with a positive midterm outlook.
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Fiscal 2024 saw strong order intake, revenue growth, and a return to profitability, driven by robust performance in Gas Services and Grid Technologies. Siemens Gamesa remains in turnaround, with break-even targeted for 2026. Federal guarantees restrict dividends, but the company is well-positioned for continued growth.
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Order intake and revenue grew strongly, with a record EUR 120 billion backlog and improved cash flow. Losses at Siemens Gamesa persist, but guidance is confirmed and cash flow outlook raised. Capacity expansions and major project wins support future growth.
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Orders and revenue grew strongly year-over-year, with a record order backlog and improved cash flow. Wind business losses remain a challenge, but guidance for the year is reaffirmed, and investments in grid and hydrogen projects support future growth.