Siemens Energy expects double-digit million euro tariff hit in Q4
ReutersAug 6, 2025 7:29 AM
FRANKFURT, Aug 6 (Reuters) - Siemens Energy ENR1n.DE expects a mid double-digit million euro hit to profits in the fourth quarter, its CEO Christian Bruch said on Wednesday, also flagging hits of similar magnitude in 2026.
Bruch, speaking to journalists after presenting third-quarter results, said these charges mainly referred to older long-term service agreements that contained no clause to pass on higher costs due to tariffs.
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