Siemens lifts outlook as quarterly profits, orders surge

(Sharecast News) - Germany's Siemens boosted its outlook on Thursday, on the back of booming demand for data centres, electrification and high-speed trains.

Posting fourth-quarter numbers, the engineering conglomerate said industrial profits soared 22% to �3.89bn in the three months to September end, beating forecasts for �3.71bn. Revenues were 11% stronger at �23.68bn, also ahead of expectations.

Orders surged 58% to a record �34.8bn, with particularly strong contributions in mobility - including a �2.4bn contract for high-speed trains in Germany - and smart infrastructure. The company's order backlog now stands at �143bn, �7bn of which is for data centre products.

Over the year, revenues rose 8% to �83.4bn.

Siemens said it had been an "outstanding" close to the year, driven by "high demand for electrification, digitalisation and industrial artificial intelligence as well as the company's strong position in rapidly growing markets like data centres".

Roland Busch, chief executive, added: "Industrial AI is an exceptional growth opportunity, and Siemens is built to win in this space. By constantly scaling industrial AI, we are unlocking our next phase of profitable growth. Given our ambition to outperform our core markets, we are providing an ambitious outlook for fiscal 2027 and are raising our group-level mid-term targets."

The company expects comparable revenue growth in the range of 9% to 11% in the current year, and basic earnings per share from net income before purchase price allocation in the range of �10.20 to �10.80. Excluding Siemens Healthineers, which is being spun out, EPS pre PPA was �9.27 in fiscal 2026.

Mid-term comparable annual revenue growth was forecast to come in between 7% to 11%, up from its previous forecast for 6% to 9%.

As at 1530 GMT, the Frankfurt-listed stock was up 2%.