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 | |
| Company type | Aktiengesellschaft |
|---|---|
| FWB: ENR DAX Component | |
| Industry | Energy development |
| Predecessors | |
| Founded | 1 April 2020 Munich |
| Headquarters | Munich, Germany |
Key people | Joe Kaeser (Chairman) Christian Bruch (Chief Executive Officer) Maria Ferraro (Chief Financial Officer) Tim Holt (Executive Vice President) Anne-Laure de Chammard (Executive Vice President) Karim Amin (Executive Vice President) Vinod Philip (Executive Vice President) |
| Revenue | €34.5 billion (2024) |
| €2.125 billion (2024) | |
| €1.335 billion (2024) | |
| Total assets | €50.874 billion (2024) |
| Owners |
|
Number of employees | 100.000 (2024) |
| Divisions | Gas Services, Grid Technologies, Transformation of Industry and Wind Power (Siemens Gamesa) |
| Subsidiaries | Siemens Gamesa |
| Website | www |
Siemens Energy AG is a German publicly-traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.[1]
Christian Bruch is the CEO, and the former CEO of Siemens AG, Joe Kaeser, is the chairman of the supervisory board.[2]
At an Extraordinary Shareholders' Meeting of Siemens AG on July 9, 2020, its shareholders approved the split-up of the company.[3] Trading of the shares of the new Siemens Energy AG on the Frankfurt Stock Exchange began on September 28, 2020.[4] As of November 2024, Siemens retains a stake of 17% in the company.
Following quality problems with onshore turbines, Siemens Energy share price dropped by nearly 35% between 21–23 June 2023. In October 2023 the company announced it was seeking German government guarantees, following quality problems with rotor blades and gears in its newer onshore wind turbines. The company share price dropped once again sharply on 25 October 2023, but it regained most of this loss by 15 November 2023.[5] In 2024 Siemens Energy shares surged by more than 300%, making it the top performer in the Stoxx 600, with its share price reaching an all time high.[6]
- ^ "Siemens baut fokussierten Energieriesen". Siemens AG.
- ^ "Senvion: Paukenschlag bei Siemens - Sen wirft kurz vor Börsengang hin". www.manager-magazin.de. 19 March 2020.
- ^ "Siemens-Hauptversammlung: Kaeser will keine Kohle mehr". www.manager-magazin.de. 9 July 2020.
- ^ "Siemens' $18 billion energy spin-off falls in Frankfurt debut". Reuters. 2020-09-28. Retrieved 2020-09-30.
- ^ "Siemens Energy shares slide 39% after company seeks state guarantees". Reuters. 2023-10-26. Retrieved 2023-10-29.
- ^ "Siemens Energy outrallied Nvidia this year. There is more to come". Financial Times. 2024-12-02. Retrieved 2024-12-23.