The German energy equipment maker plans to more than triple its dividend to €2.30 per share and initiate an additional €9B share buyback program through fiscal 2030. This capital return follows a fiscal 2026 in which Siemens Energy’s profit before special items more than doubled to €5.5B and its order backlog grew 18.2% to a record €164B. The company targets annual revenue growth of up to 14% through 2030, forecasting that profit margins will reach as much as 22%.
Demand for gas turbines, transformers and power-grid equipment driven by the expansion of AI data centers and broader electrification is fueling the growth, though CEO Christian Bruch noted that data centers account for less than 10% of the current backlog. Siemens Energy also reported that its wind division, Siemens Gamesa, has reached breakeven. For the current fiscal year, the company projects net income of approximately €5B and free cash flow before tax of €10B.
