Siemens Energy (ENR) AGM 2026 summary

Opening remarks and agenda

• AGM opened in Berlin, marking the first in-person meeting since independence, with full Supervisory and Executive Boards present and formalities observed.

• The agenda, management proposals, and voting procedures were detailed, with digital tools used for participation and voting.

Financial performance review

• Fiscal 2025 was the most successful year in company history, with revenue up 15% and net income at EUR 1.7 billion.

• Order backlog reached EUR 146 billion, with double-digit growth in Gas Services, Grid Technologies, and Transformation of Industry.

• Free cash flow more than doubled to EUR 4.7 billion, and the share price tripled to EUR 99.42.

Board and executive committee updates

• Supervisory Board closely monitored strategic issues, especially in wind power and digitalization.

• A new committee for digitalization and AI was established, led by expert Fei-Fei Li.

• Succession planning and board remuneration were discussed, with adjustments proposed to align with DAX peers.