Full-year group revenue reached €44.2 billion, while profit before special items more than doubled to €5.49 billion, lifting the group operating margin to 12.4%. Siemens Gamesa achieved financial break-even after reporting an operating deficit of €1.36 billion in fiscal 2025. “We delivered on our commitments: We met all raised guidance targets, significantly increased earnings, and achieved break-even in our wind business,” Christian Bruch, President and CEO of Siemens Energy, said during the annual press conference reported by Reuters and Investing.com. Bruch noted that pre-tax free cash flow reached €8,799 million.
Total incoming orders expanded 18.8% on a comparable basis to €68.1 billion, pushing the group’s order backlog to an all-time record of €164 billion. Orders tied directly to artificial intelligence data center power generation and regional grid interconnects reached approximately €15 billion, or over 9% of the total order book. New bookings across the United States expanded by 70.8% to €27.7 billion.
The supervisory board approved a fiscal 2026 dividend proposal of €2.30 per share, up sharply from €0.70 paid in fiscal 2025. Siemens Energy also unveiled plans to repurchase up to €9 billion in additional group shares through the end of fiscal 2030. Management issued guidance for fiscal year 2027, projecting comparable revenue growth between 14% and 16% alongside pre-special item profit margins between 14% and 16%; net income for 2027 is forecast at approximately €5 billion. Bruch outlined targeting profit margins between 20% and 22% by fiscal 2030, supported by compound annual revenue growth of 12% to 14%. Siemens Energy shares surged as much as 9.75% on Wednesday morning in Frankfurt, leading gains across the pan-European Stoxx 600 index.
Just two years ago, Siemens Energy required German government loan guarantees to navigate severe operational deficits at its wind turbine subsidiary.
