Metzler Expects Higher FY26 Sales Siemens Energy; Upper End of Profitability Guidance Within Reach

09:29 AM EDT, 10/01/2026 (MT Newswires) -- Metzler Capital Markets expects Siemens Energy (ENR.F) to log a year-over-year increase in sales for fiscal 2026, supported by continued revenue momentum at its Gas Services segment. The German energy technology company's sales for the full fiscal year are projected to reach 43.91 billion euros, while EBITDA margin is anticipated to stand at 14.6%, according to a Thursday note. "Siemens Energy's Q4 pre-close call provided a constructive readthrough, particularly for Gas Services and Grid Technologies. The company reiterated FY26 guidance and continues to expect Group profitability toward the upper end of the 10-12% profit margin before special items range," the research firm wrote. "In our view, improving backlog quality, higher volumes and additional capacity coming online in Gas Services and Grid Technologies suggest some upside risk to current expectations." The stock's buy rating and price target of 205 euros remain unchanged. Siemens Energy is scheduled to hold an extended call on fiscal 2026 results in November.