Siemens Energy Forecasts 14% to 16% Comparable Revenue Growth in Fiscal 2027

Siemens Energy expects comparable revenue to rise 14% to 16% in fiscal 2027, following 15.5% growth in fiscal 2026 and a record year-end order backlog.

Revenue totaled €44.2 billion for fiscal 2026, which ended Sept. 30, 2026. Comparable growth excludes currency translation and portfolio effects.

The company forecast a 14% to 16% profit margin before special items for fiscal 2027, compared with 12.4% in fiscal 2026. It expects net income of about €5 billion and pre-tax free cash flow of about €10 billion next year. Fiscal 2026 net income was €4.129 billion, and pre-tax free cash flow was €8.799 billion.

Orders totaled €68.1 billion in fiscal 2026, up 18.8% on a comparable basis. The year-end order backlog reached a record €164 billion, while profit before special items more than doubled to €5.486 billion.

Siemens Energy expects global electricity demand to rise and says data-center construction is likely to spur further investment in power generation and grid infrastructure, especially in North America. It expects its Gas Services and Grid Technologies businesses to benefit.

The company proposed a €2.30-per-share dividend for fiscal 2026. It also plans to buy back up to an additional €9 billion in shares through the end of fiscal 2030.