Siemens profit doubles

Siemens Energy’s annual profit rose 145% to a record €4.1 billion in the fiscal year ended in September, driven by strong demand for gas turbines and power-grid equipment, as well as lower losses in its wind division. The company’s order backlog grew to €164 billion, and it expects to earn €5 billion in the current fiscal year. It also plans to raise its dividend to €2.30 per share while continuing to expand production capacity.

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