revenue and profit at Siemens’s key smart infrastructure segment. The division makes electrical and grid equipment that are in high demand amid a rush to build more infrastructure to support the AI era. Industrial companies that have reported so far this ...

Shares in Siemens Energy jumped 20 per cent on Wednesday after the company reported an annual net profit of more than €1bn and upgraded its medium-term targets as it begins to emerge from a crisis in its wind turbine division.