Siemens Energy Shares Jump on Lifted 2028 Targets

By Adam Whittaker

Siemens Energy shares jumped after it raised its financial targets for fiscal 2028 and fourth-quarter orders beat expectations.

In morning trade, shares were up 10% at 111.20 euros. They have more than doubled over the year to date.

Late Thursday, the energy company said it would now target a profit margin before special items in fiscal 2028 of between 14% and 16%. This compares with a previous target of 10% to 12%.

The company also said it aims to achieve compound annual revenue growth in the low-teens percentage range through 2028. This compares with a prior target of high single-digit to low double-digit growth.

It was a very strong update and the upgraded margins guidance is higher than expected, Morgan Stanley analysts wrote in a note to clients. Higher cash flow over the coming years also raises the potential for additional shareholder returns via share buybacks or special dividends, they added.

The new targets were issued alongside its fourth-quarter results. It reported a net profit of 236 million euros ($274.6 million) compared with a loss of 254 million euros in the same period last year.

Orders slipped 2.5% to 14.2 billion euros but came in 8% ahead of expectations due to a strong performance in its grid-technology unit, Jefferies analysts wrote.

Siemens Energy also proposed a dividend for fiscal 2025 of 0.70 euros a share.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

November 14, 2025 04:32 ET (09:32 GMT)