Earnings Release Q4 FY 2025: Siemens Energy fulfills all commitments, increases mid-term outlook
“2025 was a successful year. We delivered sustainable growth and significantly improved profitability, increasing the company’s value. For the first time in four years, we’re returning to dividend payments – reflecting our confidence in the business and our commitment to shareholders. This success was hard-earned and didn’t come by chance. Given our positive outlook for the energy market, we are raising our mid-term targets through 2028”, says Christian Bruch, President and CEO of Siemens Energy AG.
Q4 Fiscal Year 2025
Fiscal Year 2025
Fiscal Year 2026 and mid-term targets Fiscal Year 2028
For fiscal year 2026, Siemens Energy anticipates that current favorable trends in the energy sector will continue. The demand for electricity and the need for modernization and expansion of electrical infrastructure should continue to increase. This development is likely to be driven by rising primary energy demand, higher levels of electrification, the ongoing digitalization of industry and the share of renewable energies as well as, in particular, the strong growth of data centers. This is expected to lead to further increased investment in grid infrastructure, generation capacity and energy-efficient technologies to ensure a reliable and sustainable energy supply. It is assumed that all of Siemens Energy's business areas will benefit from this. In addition, it is expected that Siemens Gamesa will reach break-even in fiscal year 2026.
Siemens Energy forecasts for fiscal year 2026 comparable revenue growth (excluding currency translation and portfolio effects) in the range of 11% to 13% (actual figure FY 2025: 15.2%) and a Profit margin before Special items between 9% and 11% (actual figure FY 2025: 6.0%). Furthermore, a Net income in the range of €3bn to €4bn (actual figure FY 2025: €1,685m) and a Free cash flow pre tax in the range of €4bn to €5bn (actual figure FY 2025: €4,663m) are expected. The outlook for Siemens Energy does not include charges related to any future legal and regulatory matters.
Overall assumptions per business area
This document contains statements related to our future business and financial performance, and future events or developments involving Siemens Energy that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. We may also make forward-looking statements in other reports, prospectuses, in presentations, in material delivered to shareholders, and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens Energy´s management, of which many are beyond Siemens Energy´s control. These are subject to a number of risks, uncertainties, and other factors, including, but not limited to, those described in disclosures, in particular in the chapter “Report on expected developments and associated material opportunities and risks” in the Annual Report and the Half-year Financial Report, which should be read in conjunction with the Annual Report. Should one or more of these risks or uncertainties materialize, should acts of force majeure, such as pandemics, occur, or should underlying expectations including future events occur at a later date or not at all, or should assumptions not be met, Siemens Energy´s actual results, performance, or achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens Energy neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. This document includes supplemental financial measures – that are not clearly defined in the applicable financial reporting framework – and that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens Energy´s net assets and financial position or results of operations as presented in accordance with the applicable financial reporting framework in its consolidated financial statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power and heat generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers.
Its wind power subsidiary Siemens Gamesa makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 103,000 employees worldwide in more than 90 countries and generated revenue of €39.1 billion in revenue in the 2025 fiscal year.