Energietechnik: 4,1 Milliarden: Extremer Gewinnsprung bei Siemens Energy

Siemens Energy reported a staggering 4.1 billion euros in profit for the last fiscal year, marking a more than doubling of earnings. This represents an extraordinary 145 percent increase compared to the previous year and sets a new record, even surpassing the company's best performance in its relatively short history. Siemens Energy CEO Christian Bruch attributes this success to the fruits of labor from an exceptionally successful year.

The company expects to break another record next year, projecting a profit of around 5 billion euros, with continued growth expected until 2030. The surge in profits is attributed to booming businesses in gas turbines and components for power grids, with gas services and grid technologies experiencing significant growth. The favorable market conditions are driven by the restructuring of energy supply in various countries and the AI boom, with data centers consuming vast amounts of electricity and driving up demand for products.

Siemens CEO Bruch sees no major opposition to data centers in the USA, despite post-election debates and concerns about noise and environmental impact. The wind power division, Siemens Gamesa, has made significant progress in reducing its losses, even achieving positive earnings in the past two quarters of the fiscal year. The employee count has risen by 5,000 to a total of 108,000 globally, a 5.5 percent increase year-on-year.

Siemens Energy remains profitable, with larger employment numbers in Germany rising from 27,000 to 29,000. The company anticipates further job growth in the next fiscal year. Siemens Energy will eventually be renamed Omterra, effective from January, as the parent company Siemens retains the name rights. The transition is expected to take around one and a half years.

The increased profits will likely benefit shareholders, with the dividend expected to more than triple to 2.30 euros per share. The stock market reacted positively to the earnings, with Siemens Energy's share leading the Dax index on the morning of the release.