Siemens Energy aims to more than triple dividends after record year
Growth was primarily driven by the Gas Services and Grid Technologies segments
German company Siemens Energy reported record results for the financial year 2026, which ended on September 30, on Wednesday. The company stated that it met or exceeded its previously raised target figures.
Comparable revenue increased by 15.5% to $49.3 billion (44.2 billion euros). Growth was primarily driven by the Gas Services and Grid Technologies segments: the expansion of capacities at existing sites already impacted production volumes. Both divisions reported their highest quarterly revenue in history.
Orders rose by 18.8%. In Gas Services, the volume of orders grew by 45.9%, and in Grid Technologies by 14.5%. In the U.S., group-wide orders surged by 70.8%. The book-to-bill ratio stood at 1.54, and the global order backlog reached a record $183 billion (164 billion euros).
The company's profitability more than doubled compared to the previous year, reaching 12.4%. Siemens Energy has set a goal to increase it to 20–22% by 2030 and to grow revenue by 12–14% annually until the end of the decade.
The wind turbine division, Siemens Gamesa, approximately broke even over the year after several years of losses and restructuring. Earnings before special items amounted to $9 million (8 million euros), compared to a loss of $1.56 billion (1.4 billion euros) in the financial year 2025.
The company will propose a dividend of $2.57 (2.30 euros) per share for the financial year 2026. For comparison, $0.78 (0.70 euros) per share was paid out for the financial year 2025.
