Siemens Energy to Spend €9 Billion on Share Buyback

Siemens Energy will buy back its own shares worth up to €9 billion by 2030, making it one of the largest capital return plans for shareholders in the company's history.

The company also expects profit growth next year. According to Siemens Energy's forecast, the profit margin will reach 14-16% in 2027, compared to 12.4% in 2026.

Growth is being driven by rising demand for electricity, particularly due to data center construction. The company's total order value has reached a record €164 billion, of which approximately €15 billion comes from data center-related projects.

Siemens Energy also plans to increase its dividend for shareholders. The amount per share will rise from €0.70 to €2.30.

Notably, Siemens' wind energy business, Siemens Gamesa, has also improved its financial position following years of losses.

Source: Reuters