Siemens Energy proposes to more than triple its dividend for the fiscal year 2026 ended on September 30 after booking record revenues and orders, driven by the grid and gas turbine businesses amid soaring electricity demand.
The Germany-based Siemens Energy on Wednesday said it delivered a record fiscal year 2026, meeting or exceeding all targets that it had raised earlier this year.
Siemens Energy’s revenue grew by 15.5% on a comparable basis to $49.3 billion (44.2 billion euros), with capacity expansions at existing Gas Services and Grid Technologies sites already contributing to higher output. Both businesses reported their highest quarterly revenue to date.
Orders jumped by 18.8%, with Gas Services the main driver with a 45.9% jump, followed by Grid Technologies, where orders rose by 14.5%.
Among regions, the United States stood out, with orders soaring by 70.8% on a group level.
The book-to-bill ratio was 1.54, taking the total global order backlog to a new record of $183 billion (164 billion euros).
In the gas industry, global orders for gas turbines have hit a record high as demand for power generation surges, JP Morgan said earlier this year.
Profit margin more than doubled from a year earlier to 12.4%, Siemens Energy said, and vowed to achieve a profit margin of 20% to 22% by 2030. The company looks to also raise its revenue by 12% to 14% each year before the end of the decade.
Of note was the turnaround at the wind turbine business, Siemens Gamesa, which reached just above break-even for the full year ended September 30, after years of losses and restructurings.
Siemens Gamesa was the single largest contributor to the doubled profit margin for FY 2026 compared to FY 2025, as it reached break-even for the full year with profit before special items of $9 million (8 million euros), compared with a massive loss of $1.56 billion (1.4 billion euros) in fiscal 2025.
Siemens Energy will propose a dividend of $2.57 (2.30 euros) per share for fiscal 2026, more than three times the $0.78 (0.70 euros) per share paid for fiscal 2025.
By Tsvetana Paraskova for Oilprice.com
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