Siemens Energy AG: Siemens Energy AG raises mid-term targets for Fiscal Year 2028

Munich (pta030/12.11.2024/19:37) - Siemens Energy AG is targeting high single-digit to low double-digit comparable revenue growth until fiscal year 2028. It is also targeting a profit margin of 10% to 12% in fiscal year 2028 (before 8% or above).

Fiscal year 2025 guidance and fiscal year 2024 results are in line with expectations. Siemens Energy AG expects comparable revenue growth between 8% and 10% and a profit margin before special items between 3% and 5% in fiscal year 2025.

Siemens Energy AG will publish its full earnings release for the fourth quarter of fiscal year 2024 today.

Explanations of financial measures used can be found in the Annual Report 2023 of Siemens Energy AG (available at www.siemens-energy.com/annual-report-2023), in particular in Section 2.2.

Siemens Energy AG is also guarantor for the mandatory convertible bond with ISIN DE000A3K81W7 und the bonds with ISIN XS2601458602 and XS2601459162.

(Ende)