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Key Insights
Siemens Energy anticipates reaching the upper end of its 2025 growth outlook, buoyed by strong U.S. market demand and the recovery of its wind turbine division.
The company has managed to largely offset the impact of U.S. import tariffs, which reduced fiscal year profits by 100 million euros, through strategic U.S. presence and adaptable contracts.
Third-quarter orders surged by nearly two-thirds to 16.6 billion euros, surpassing analyst forecasts and elevating the order backlog to a record 136 billion euros.
Rising demand for gas turbines and power transmission equipment in the U.S. is a key driver, alongside improved performance in the wind segment, signaling a robust market position.
Siemens Energy AG announced on Wednesday its expectation to reach the upper end of its 2025 growth outlook, largely driven by robust demand in the United States and the ongoing recovery of its wind turbine division. This positive trajectory has helped the energy technology giant mitigate the financial impact of U.S. import tariffs, which have been a notable headwind.
The company, which generates approximately one-fifth of its sales in the U.S., reported a 100 million euro ($116 million) reduction in profits for the fiscal year to date due to these duties. Siemens Energy Chief Executive Christian Bruch acknowledged the tariffs as