You may have already noticed it: while the disaster at Siemens Energy, in the form of its Spanish wind power subsidiary Gamesa, has been reported for days and weeks, with a considerable drop in share prices, the former parent company and now shareholder, Siemens, seems to be completely left out.

Surprisingly, Siemens reported record numbers last week. The company ended the financial year with a record profit, earning 8.5 billion euros after taxes. This was almost double compared to the previous year, though the effects of the war against Ukraine and the write-down of the stock package of the former daughter Siemens Energy had to be taken into account.

Revenue in the past financial year (2022/2023 to the end of September) rose 11% to 77.8 billion euros, with the industrial business being the main pillar. Here alone, the result increased by 11% to 11.4 billion euros.

Nevertheless, the management in the corporate headquarters is well aware that business in China remains problematic and ambitious, especially because industrial automation in China is currently lagging behind and this is now one of the core competencies of Siemens.

Here, one hopes for an improvement in the second half of the year, after customers have cleared their stocks again. Despite this rather restrained outlook, the earnings per share (excluding the effects of the participation in Siemens Energy) should increase to 10.40 to 11.00 euros in 2023/24.

What will happen with Siemens Energy? Many market participants and shareholders, perhaps even you, are still wondering what will happen with Siemens Energy, where the former parent Siemens is still involved with 25%?

Above all, the problems with the Spanish wind power subsidiary Gamesa, which had to report a record loss of 4.6 billion euros and now has to be supported with state guarantees, are causing Siemens Energy headaches.

Here, the parent company is now also being held responsible and Siemens Energy is buying a stake in a joint venture in India for around 2 billion euros.

But I personally found it interesting and forward-looking that the daughter Innomotics, a provider of motor and large drive systems, is now being prepared for a stock market listing and the separation is almost complete.

Ultimately, shareholders will also be involved in the company’s success with an increased dividend of 4.70 euros and a further share buyback program of 5 billion euros until 2028 is to be launched in addition to the ongoing share buyback program, which is 90% complete and has a volume of 3 billion euros.

This should give the share stability and give shareholders a positive outlook focused on the future. A real recovery rally that puts the Siemens share on the stock exchange floor in the last few weeks. If you are invested, you should not give up any shares here.