Energy technology: 4.1 billion: Extreme profit jump at Siemens Energy
The group's strong upswing is expected to continue in the coming years. This is currently also reflected in more jobs and is pleasing the stock exchange.
Siemens Energy has more than doubled its profit, earning 4.1 billion euros in the past business year, a record and 145 percent more than the previous year. The company's CEO, Christian Bruch, attributes the success to a strong year, with booming businesses in gas turbines and power grid components driving the growth. The company aims to achieve a profit of around 5 billion euros in the current business year and expects continued growth, with plans to increase both revenue and margin, and a growing workforce, currently at 108,000 employees worldwide.
The company's wind power division, Siemens Gamesa, has also reduced its losses, and the company's order backlog stands at 164 billion euros.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
