Siemens Energy CEO: spin-off wind business idea is valid, but first turnaround must be achieved

Siemens Energy CEO, said that it was reasonable for activist investor Ananym Capital to push for a spinoff of?its wind turbine division. However, the business must first be stabilized and turned around. Ananym Capital, based in the United States, announced in December that it had acquired a stake of Siemens Energy. The company asked management to review Siemens Gamesa's wind division. It said the division could be worth up to $10 billion and that a spin-off would increase investor returns by 60 percent.

Christian Bruch said, "The question is right and I'd ask it myself every time." He added that there should be a clear path towards double-digit margins.

He said, "At this time, our first priority is to stabilize the business and make sure it's profitable." It's not the right time to talk about spin-offs as long as these things do not exist.

Siemens 'Gamesa', which had an operating loss in 2025 of 1,36 billion euros ($1.6billion) is expected to break even and achieve an operating margin of 3-5% by 2028. Siemens Energy's?CEO said that Siemens Energy will invest $1 billion in the U.S. to expand power grid component and gas turbine production, as well as data centres required to power AI technology.

(source: Reuters)