Energy technology
Siemens Energy starts with a profit despite wind power problems
Although the problems with the wind power daughter Gamesa continue to cost money, the group has started solidly into the financial year. The profit has fallen nominally – but that is no need to worry.
Siemens Energy started his fiscal year. In its first quarter, the energy technology group made a profit of 252 million, as he announced. Despite the still high, if a somewhat shrunk operative losses, the black figures can be reached by the wind power subsidiary Gamesa because the shops in the other three sectors go well. However, Energy had already announced these values at the end of January, as well as the increase in sales to 8.9 billion euros.
The quarterly profit generated in the three months from October to December in the three months from October to December compared to the same period. At that time, Energy had reported almost 1.6 billion, but it owed it to the sale of participation. The current profit, on the other hand, does not require such a tailwind.
“Our strong first quarter reflects the market opportunities that result from the increasing demand for electricity,” said CEO Christian Bruch. The high demand also increased the order stock again. It is now 131 billion euros. Also that a player in the AI area, who consumes significantly less energy, has also not worried in this area with Deepseek. Data centers made up around one percent of the global electricity requirement and of which was only part for AI. Even if this area is growing greatly disproportionately, it is relevant but not dominant for the development of electricity requirements. This would grow “one way or the other”.
More opportunities than risks in the USA
In the USA, too, Bruch sees higher opportunities than risks, as he emphasizes, despite President Donald Trump’s recent announcements. One could not say exactly what Trump’s policy will mean for Siemens Energy’s business. This is important for the exact implementation. It will be crucial whether tariffs will result in a competitive disadvantage and whether any additional costs can be passed on to customers. This is usually the case with the inventory orders. However, Bruch sees the risks in principle high potential in the United States. The large market has a high growth dynamics, and there is also a high need for investment in the renewal of the networks.
And Bruch also commented on the Bundestag election: a democratic choice should never be a choice of protest, he emphasized. Germany as a business location and also Siemens Energy as a company depend on being attractive to the best employees worldwide.
dpa
Source: Stern
