Siemens Energy expects low triple-digit million euro tariff hit in 2026

Siemens Energy AG

14/11/2025 07:15

BERLIN, Nov 14 (Reuters) - Siemens Energy ENR1n.DE expects U.S. import tariffs to deliver a hit of at least 100 million euros ($117 million) next year, but less than the roughly 200 million euros it saw in 2025, the group's finance chief Maria Ferraro said on Friday.

"We're looking at a lower triple-digit (million euro) amount," she told Reuters.

Her comments came after Siemens Energy late on Thursday issued fourth-quarter results, saying it would pay its first dividend in four years and also raising its mid-term targets for 2028.

Shares in the energy equipment supplier were indicated to open 9.5% higher in pre-market trade, on track to reach a record high since being spun off from Siemens AG SIEGn.DE five years ago.

($1 = 0.8575 euros)

 (Reporting by Christoph Steitz and Max Schwarz)

 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))