Siemens Energy announced record profits for the 2026 fiscal year, which ended on September 30. The net profit of the group exceeded 4 billion euros.
Behind the sharp increase in profits and the high expectations are, on the one hand, the rapid growth of the business in the field of gas turbines and components for power grids. Profits in gas services increased by 1.1 billion euros and in network technologies by 851 million euros.
Another major factor was that the wind power division, Gamesa, which had dragged the entire team to losses on many occasions in the past, took control of the situation. It reduced its losses by 1.5 billion euros.
The order backlog has grown almost continuously and currently stands at 164 billion euros. The indicators fully reflect the current trend in demand for equipment in the energy sector.
Yes, starting next year Siemens Energy and Siemens Gemsa will operate under the Omterra brand. Full rebranding takes 1.5 years.
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