A post by @FirstSquawk on X.
SIEMENS ENERGY SEES PROFIT SURGE BY 2030 AS POWER DEMAND BOOMS
@FirstSquawk on X
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Siemens Energy AG expects its profit margin to climb to as much as 22% by 2030, driven by booming global demand for gas turbines, transformers and power-grid equipment. The German energy equipment maker's forecast reflects surging electricity needs tied to data centers, electrification and the energy transition. The margin target marks a significant profitability step-up for the company. Investors will watch whether order intake and capacity expansion can support the 2030 goal.
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Siemens Energy AG