Siemens Energy Lays Out its Post-Spin-Off Strategy

Siemens Energy laid out its post-spin-off strategy, aiming for accelerated profitable growth. Management aims to achieve an Adjusted EBITA margin before Special Items of 6.5% to 8.5% for fiscal 2023. The Executive Board is committed to drive operational excellence, portfolio adjustments to meet market demand and gradually shift the focus of innovation and R&D to sustainability and service.

“The separation of the energy business is a key milestone in implementing our Vision 2020+ strategic concept. We create an independent leader in the energy business with a strong brand and the most comprehensive offering in the energy sector. With this, our new company is best equipped to lead the global energy transformation in a sustainable and economically feasible way. The new Siemens in turn will become a transparent and significantly de-risked company. With its core businesses Digital Industries, Smart Infrastructure and Mobility, it will play a significant role in shaping the industrial digitalization, called Industry 4.0“, said Joe Kaeser, CEO of Siemens.

Due to the breadth of its portfolio and its technology, Siemens Energy is well positioned to serve the different requirements of customers and society. With 91,000 employees in more than 90 countries, the company is a world leader along almost the entire energy value chain. An estimated one sixth of all electricity generated is based on Siemens Energy’s technology, which it believes makes the company hugely relevant for assuring future sustainable energy supplies.

“Siemens Energy is a mirror of today’s energy world. Our comprehensive and diversified products, solutions and services enable us to meet the world’s increasing energy demand while at the same time supporting efforts to reduce greenhouse gases. This puts us in an ideal position to support our customers with the energy transition,“ said Christian Bruch, President and CEO of Siemens Energy.