Business · Companies · 5 hrs ago
Siemens Energy plans up to €9 billion in additional share buybacks
Siemens Energy plans up to €9 billion in additional share buybacks by the end of its 2030 financial year.
The German energy technology company says the new purchases will add to a current buyback programme worth up to €6 billion.
A share buyback is when a company uses money to purchase its own shares, returning value to investors.
Siemens Energy says the move is intended to let investors share more in its strong profits.
Demand is rising for the company’s turbines and power-grid equipment, used to supply electricity to data centres supporting artificial intelligence.
The company was expected to have made billions in profit in the 2025/26 financial year.
Siemens Energy is due to publish its results on Wednesday.
Siemens Energy plans to buy back up to €9 billion in additional shares by the end of the 2030 financial year.
The planned purchases would be on top of a share buyback programme of up to €6 billion that is already under way.
The company announced the expansion on Tuesday evening.
Siemens Energy is due to report results for the 2025/26 financial year on Wednesday.
The company benefits from rising demand for turbines and grid equipment to supply power to data centres used for artificial intelligence.
- Who
- Siemens Energy.
- What
- It plans additional share buybacks worth up to €9 billion, on top of a programme of up to €6 billion already under way.
- When
- The company announced the plan on Tuesday evening; the additional buybacks are planned by the end of the 2030 financial year.
- Where
- Not stated.
- Why
- The company wants to involve investors more in its rising profits.
This story does not have two clearly opposing sides.
Siemens Energy announced plans to expand its share buyback programme.
The company is due to report results for the 2025/26 financial year.
Siemens Energy plans to complete the additional share buybacks.
- Additional buybacks
- Up to €9 billion
- Existing buyback programme
- Up to €6 billion
- Planned completion
- End of the 2030 financial year
- Financial year results
- 2025/26
- Demand drivers
- Turbines and grid equipment for data centres used for AI