Siemens Energy AG's shares surged more than 12% on Thursday on the Frankfurt Stock Exchange following its revised fiscal 2025 projections.
The industrial giant announced after market close yesterday that it now anticipates comparable revenue growth between 13% and 15%, revising upward from its previous forecast of 8% to 10%. Initial quarterly figures revealed revenue climbing 20.7% year-over-year to €9.96 billion, with profits reaching €615 million, exceeding analyst consensus estimates of €9.3 billion and €372 million, respectively.
At 9:17 am CET, the power firm's shares were 12.75% in the green at €65.08 per share.