Markets · Market move
Siemens Energy Soars as It Targets a 22% Margin by 2030
Record results, a €164 billion order book and up to €9 billion in buybacks sent the shares up 10.8%.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Siemens Energy’s profit margin before special items reached 12.4% for the year.
- It targets a 20–22% margin by fiscal 2030 and up to €9 billion more in buybacks.
Comparable revenue grew 15.5% to €44.2 billion and the order backlog reached a record €164 billion, the company said in its results release. It proposed a dividend of €2.30 a share.
The shares closed 10.8% higher on Wednesday and helped lift European stocks to a record, MLQ reported. Siemens Gamesa, its wind unit, reached break-even for the year, according to GuruFocus.
Check Euro - Dollar on Kunkafa
How far it could move, which way, by when, and how confident Kunkafa is.
More in Markets
US Stock Futures Slip After a Tech-Led Rally
Futures fell on Thursday, a day after the Nasdaq gained 1.6% and the S&P 500 1.3%.
Apple Closes at a Record $355.63
Apple shares rose 2% on Wednesday to their highest close on record.
Europe Hits a Record Close as Siemens Energy Jumps 11%
The STOXX 600 ended at 663.05 as AI and energy-equipment shares led the way.