Siemens Energy expects double-digit million euro tariff hit in Q4-February 2024-www.financetom.com

Siemens Energy expects double-digit million euro tariff hit in Q4

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Siemens Energy expects double-digit million euro tariff hit in Q4

Aug 6, 2025 12:50 AM

FRANKFURT, Aug 6 (Reuters) - Siemens Energy

expects a mid double-digit million euro hit to profits in the

fourth quarter, its CEO Christian Bruch said on Wednesday, also

flagging hits of similar magnitude in 2026.

Bruch, speaking to journalists after presenting

third-quarter results, said these charges mainly referred to

older long-term service agreements that contained no clause to

pass on higher costs due to tariffs.

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