financetom
Business
financetom
/
Business
/
Siemens Energy targets upper end of 2025 outlook on strong US demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Siemens Energy targets upper end of 2025 outlook on strong US demand
Aug 5, 2025 10:28 PM

FRANKFURT (Reuters) -Siemens Energy expects to hit the upper end of its 2025 outlook, it said on Wednesday, driven by its wind turbine division and strong demand in the United States for its power equipment that helped it to shrug off the impact of import tariffs.

The company, which reported higher-than-expected third-quarter orders and profits, said it is now trending towards the upper end of its outlook, which foresees sales growth of 13-15% and a profit margin before special items of 4-6%.

According to the LSEG poll, Siemens Energy's full-year sales are expected to rise by 12.7%.

The company said it was seeing strong demand for its gas turbines as well as power transmission equipment in the United States, where it makes around a fifth of its sales.

Local import tariffs have dealt a 100 million euro ($116 million) hit to Siemens Energy's profit, the company said, adding this was mainly due to one-offs in its long-term service agreements.

($1 = 0.8635 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Photronics Insider Sold Shares Worth $1,565,523, According to a Recent SEC Filing
Photronics Insider Sold Shares Worth $1,565,523, According to a Recent SEC Filing
Dec 20, 2024
05:46 PM EST, 12/20/2024 (MT Newswires) -- Christopher J Progler, Executive Vice President, Chief Technology Officer, on December 19, 2024, sold 63,000 shares in Photronics ( PLAB ) for $1,565,523. Following the Form 4 filing with the SEC, Progler has control over a total of 219,166 shares of the company, with 219,166 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/810136/000114036124050125/xslF345X05/form4.xml ...
Electronic Arts Insider Sold Shares Worth $739,986, According to a Recent SEC Filing
Electronic Arts Insider Sold Shares Worth $739,986, According to a Recent SEC Filing
Dec 20, 2024
05:46 PM EST, 12/20/2024 (MT Newswires) -- Andrew Wilson, Director, Chairman & CEO, on December 20, 2024, sold 5,000 shares in Electronic Arts ( EA ) for $739,986. Following the Form 4 filing with the SEC, Wilson has control over a total of 129,705 shares of the company, with 129,705 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/712515/000112760224029913/xslF345X05/form4.xml ...
Photronics Insider Sold Shares Worth $501,200, According to a Recent SEC Filing
Photronics Insider Sold Shares Worth $501,200, According to a Recent SEC Filing
Dec 20, 2024
05:46 PM EST, 12/20/2024 (MT Newswires) -- Mitchell G Tyson, Director, on December 19, 2024, sold 20,000 shares in Photronics ( PLAB ) for $501,200. Following the Form 4 filing with the SEC, Tyson has control over a total of 66,379 shares of the company, with 66,379 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/810136/000114036124050126/xslF345X05/form4.xml ...
Hippo Holdings Insider Sold Shares Worth $310,958, According to a Recent SEC Filing
Hippo Holdings Insider Sold Shares Worth $310,958, According to a Recent SEC Filing
Dec 20, 2024
05:32 PM EST, 12/20/2024 (MT Newswires) -- Stewart Ellis, CFO, Chief Strategy Officer, on December 18, 2024, sold 12,000 shares in Hippo Holdings ( HIPO ) for $310,958. Following the Form 4 filing with the SEC, Ellis has control over a total of 338,550 shares of the company, with 328,215 shares held directly and 10,335 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1828105/000156218024008542/xslF345X05/primarydocument.xml...
Copyright 2023-2026 - www.financetom.com All Rights Reserved