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Siemens Energy: Promising Forecasts Boost Stock Price

After strong annual results, Siemens Energy’s stock soars, driven by ambitious forecasts and resolving challenges in wind energy, despite geopolitical uncertainties in the United States.
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Siemens Energy recorded a remarkable performance in the financial markets this Wednesday. At the Frankfurt Stock Exchange, the German company’s shares surged over 15% early in the session, reaching 45 euros, an all-time high. This leap marks a decisive turnaround for the company after a financially challenging period.

The group reported solid annual results for its fiscal year 2023-2024, returning to profitability after a loss of 2.8 billion euros in the previous year. These results include an annual profit before exceptional items of 345 million euros. This performance starkly contrasts with the difficulties faced in 2023, particularly those of its Spanish subsidiary Siemens Gamesa, specializing in wind energy.

A Refined Model and Strengthened Strategic Sectors

Siemens Energy’s recovery is largely attributed to the streamlining of its activities. Key segments such as grid technologies and gas turbines showed significant improvements in their results. Moreover, strategic measures were taken to refocus the struggling wind energy sector on key markets like Europe and the United States.

Christian Bruch, CEO of Siemens Energy, also reassured stakeholders regarding the potential impact of political changes in the United States, where the return of Donald Trump to power raises questions for the renewable energy sector. “We are currently constructing an offshore wind farm in the United States, and I do not foresee any interruptions,” the executive stated.

Optimistic Forecasts for 2028

The medium-term financial outlook presented by Siemens Energy further strengthened investor confidence. The group anticipates an annual sales growth of around 10% and an operating margin of 10-12% by 2028. These forecasts exceed analyst expectations and send a strong signal to the markets.

Despite this revitalization, Siemens Energy remains under financial scrutiny. The 15 billion euros in public aid received from the German government in 2023 still impose restrictions, including bans on dividend distributions or bonuses for executives. Christian Bruch, however, has promised to lift these guarantees as soon as possible.

A Forward-Looking Dynamic

Siemens Energy is focusing on diversification and consolidation of its activities to maintain this positive trajectory. With approximately 80% of the offshore wind market concentrated in Europe, the group remains confident in its ability to weather potential fluctuations in global demand.

While the renewable energy sector faces numerous challenges, Siemens Energy exemplifies the impact of an adjusted strategy and rigorous management, inspiring investor confidence in an uncertain economic environment.

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