Record Order Backlog
The company ended the year with a record order backlog of EUR 123 billion, reflecting strong demand across various segments and better margin quality.
Strong Revenue Growth
Revenue grew by 12.8%, exceeding the top end of the revised guidance of 10% to 12% and the original guidance of 3% to 7%.
Gas Services and Grid Technologies Performance
Gas Services achieved a profit margin of 9.5%, and Grid Technologies achieved a profit margin of 10.5%, both exceeding their respective guidance ranges.
Free Cash Flow Generation
The company generated more than EUR 900 million of free cash flow in the quarter and EUR 1.9 billion for the year, driven by strong order intake and profitability.
Midterm Targets and Growth Prospects
Group margins are targeted to be between 10% and 12% by fiscal year 2028, with revenue growth between high single and low double-digit percentages.
Significant Projects and Market Expansion
Key projects include a 1.2 gigawatts gas turbine installation in Saudi Arabia and the largest synchronous condenser project worldwide awarded by TenneT.