Siemens Energy's stock rises after it ups 2026 outlook

Siemens Energy AG

24/04/2026 07:04

** Siemens Energy's ENR1n.DE stock is up 5.8% in early Frankfurt trade after the world's biggest maker of offshore wind turbine raised outlook for the year

** Siemens Energy said it now expects sales to grow by 14-16%, up from 11-13% previously, while its profit margin before special items is now forecast at 10-12%, up from 9-11%

** The company also now sees 2026 Free cash flow pre tax of around 8 billion euros ($9.35 billion) from a previously expected 4-5 billion euros range

** "Power generation tailwind remains strong and also grid sent a solid message. A sharp increase in FCF guidance is a key positive," a local trader writes

** Siemens Energy stand among the best performers of Germany's blue-chip .GDAXI in early Frankfurt trade

($1 = 0.8560 euros)

 (Reporting by Tristan Veyet)

 ((Tristan.veyet@thomsonreuters.com))