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 all required documents were made available in advance and on-site.

• Voting procedures were explained, with digitalization introduced for voting and participation.

Financial performance review

• Fiscal 2025 was the most successful year in company history, with targets exceeded in most segments.

• Revenue grew by 15% to over EUR 39 billion; profit before special items reached EUR 2.4 billion (6% margin).

• Free cash flow more than doubled to EUR 4.7 billion; net income was EUR 1.7 billion.

• Share price tripled to EUR 99.42, and a dividend of EUR 0.70 per share was proposed.

• Order backlog reached a record EUR 146 billion, ensuring robust future earnings.

Board and executive committee updates

• Supervisory Board closely monitored strategic issues, especially wind power, and dissolved the Siemens Gamesa special committee.

• 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.