Siemens Energy reported a record €164 billion order backlog at its September year-end, supported by strong demand for gas-generation and electricity-grid equipment.
In results published on 11 November, the company said annual orders rose 18.8% on a comparable basis to €68.1 billion. Gas Services orders reached €32.8 billion and Grid Technologies €24 billion.
Revenue increased 15.5% on the same basis to €44.2 billion. Siemens Energy said expansions at existing gas and grid manufacturing sites were already contributing to increased output.
Siemens Gamesa reached full-year break-even before special items, although its annual orders fell 31.1% to €5.9 billion against a strong comparison period.
For fiscal 2027, the group forecasts comparable revenue growth of 14–16%. The backlog indicates substantial future delivery obligations; it is not revenue already earned.
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Source: Original company announcement.
Illustrative grid-technology file photograph: a 12.5kV distribution transformer, 16 June 2024, location unspecified; not identified as Siemens Energy equipment or a newly ordered unit. Yoshieslunchbox / Wikimedia Commons, CC BY-SA 4.0. Resized; same licence retained.
By Energy People.
