Siemens Energy CEO demands path towards double-digit returns at wind unit by 2028
ReutersFeb 26, 2026 1:12 PM
FRANKFURT, Feb 26 (Reuters) - Siemens Gamesa must provide visibility by 2028 on how it can achieve profit margins of more than 10%, the CEO of parent Siemens Energy ENR1n.DE said at the group's annual general meeting, where investors debated the division's future.
Christian Bruch said Siemens Gamesa's current margin target of 3-5% by 2028 was just an interim step and that there needed to be a path towards double-digit returns.
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