Finance
Siemens Energy CEO: wind spin-off idea valid, but turnaround comes first
Published by Global Banking and Finance Review
Posted on February 3, 2026
2 min readLast updated: February 3, 2026
Quick Summary
Siemens Energy CEO supports wind spin-off idea but prioritizes stabilizing Siemens Gamesa. U.S. investment plans announced.
Siemens Energy CEO Acknowledges Validity of Wind Division Spin-Off Idea
Siemens Energy's Strategic Direction
By Christoph Steitz and Laila Kearney
Challenges Facing Siemens Gamesa
FRANKFURT/NEW YORK, Feb 3 (Reuters) - Siemens Energy's CEO said on Tuesday it was fair for activist investor Ananym Capital to push for a spin-off of its loss-making wind turbine division but the business would first have to be stabilised and turned around.
Investment Plans in the U.S.
U.S.-based Ananym in December said it had taken a stake in Siemens Energy and asked management to review the group's wind division, Siemens Gamesa, adding it could be worth $10 billion in the future and that a spin-off could raise investor returns by 60%.
"The question is absolutely right, and this is something I would ask also myself every time," Christian Bruch told Reuters, adding there needed to be a clear trajectory towards double-digit margins.
"And at this point in time, the first task is to stabilize this business and make it profitable," he said. "As long as these things are not there, it's the wrong timing to ask about spin-offs."
Siemens Gamesa, which made an operating loss of 1.36 billion euros ($1.6 billion) in 2025, is forecast to break even this year and reach an operating margin of 3-5% in 2028.
The CEO also told Reuters that Siemens Energy plans to invest $1 billion to expand U.S. power grid and gas turbine component production as the country builds data centres needed to power AI technology.
($1 = 0.8479 euros)
(Reporting by Christoph Steitz and Laila KearneyEditing by Ludwig Burger)
Key Takeaways
- •Siemens Energy CEO considers wind division spin-off valid.
- •Stabilizing Siemens Gamesa is a priority before any spin-off.
- •Ananym Capital suggests spin-off could increase returns by 60%.
- •Siemens Energy plans $1 billion U.S. investment for AI infrastructure.
- •Siemens Gamesa aims for profitability by 2028.
Frequently Asked Questions about Siemens Energy CEO: wind spin-off idea valid, but turnaround comes first
1What is a wind turbine?
A wind turbine is a device that converts wind energy into mechanical energy, which can then be converted into electricity. They are commonly used in wind farms to generate renewable energy.
2What is a spin-off in business?
A spin-off is a type of corporate restructuring where a company creates a new independent company by selling or distributing new shares. This often allows the new entity to focus on its core business.
3What is an operating margin?
Operating margin is a financial metric that measures the proportion of revenue left over after paying for variable costs of production, indicating the efficiency of a company in managing its operations.
