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.