Siemens Energy says wind spin-off idea is valid but turnaround must come first

Siemens Energy’s CEO acknowledged an activist investor’s push to consider spinning off the loss-making Siemens Gamesa unit but said the division must be stabilised and returned to profitability before any separation; the article reports Gamesa posted a €1.36 billion operating loss in 2025 and is forecast to break even this year with a 3–5% margin by 2028.

Siemens Energy's CEO Christian Bruch said an activist investor's proposal to spin off the company's wind turbine arm is a fair question but premature. The investor, U.S.-based Ananym Capital, urged a review of Siemens Gamesa and suggested a spin-off could raise returns. Bruch said the immediate priority is to stabilise the wind business and establish a clear path to sustained profitability. He also noted the company plans to expand U.S. production capacity with a reported $1 billion investment. Known details: - The article reports that Siemens Gamesa posted an operating loss of €1.36 billion in 2025. - Christian Bruch described the spin-off question as reasonable but said a clear trajectory toward double-digit margins is required before considering separation. - Siemens Gamesa is forecast in the article to break even this year and to reach an operating margin of 3–5% by 2028. - The CEO told Reuters Siemens Energy plans to invest $1 billion to expand U.S. power grid and gas turbine component production. Summary: Siemens Energy is prioritising stabilising and turning around its wind division before pursuing any structural change. The company has set forecasts for Gamesa to reach break-even this year and modest margins by 2028 while also planning a $1 billion U.S. investment. The timing and any decision on a spin-off are undetermined at this time.