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First Squawk
@FirstSquawk
Firstsquawk Is a Global Financial (News) Squawk Service Specialising In Financial Markets, Macro, Geopolitics,politics
Joined July 2015
252 Following    578K Followers
SIEMENS ENERGY SEES PROFIT SURGE BY 2030 AS POWER DEMAND BOOMS Siemens Energy AG expects its profit margins to rise to as much as 22% by 2030, driven by surging global demand for gas turbines, transformers and power-grid equipment. The German energy equipment maker forecasts annual revenue growth of up to 14% through fiscal 2030, supported by rising electricity demand from artificial intelligence infrastructure, data centers and electrification. Its profit before special items more than doubled to €5.5 billion in fiscal 2026. The company also announced an additional €9 billion share buyback through fiscal 2030 and proposed more than tripling its dividend to €2.30 per share. CEO Christian Bruch expects data-center-related electricity demand to remain strong, while the company forecasts around €5 billion in net income and €10 billion in free cash flow before tax for the current fiscal year. Its wind division, Siemens Gamesa, also reached breakeven, marking a major milestone in its turnaround.
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