India, Nov. 11 -- Shares of Siemens Energy AG were gaining around 10 percent in the German trading after the company reported Wednesday significantly higher profit in its fourth quarter with revenue growth, and issued positive outlook for fiscal 2027 and ahead. The German energy technology firm also announced significantly higher dividend and up to an additional €9 billion share buyback program.
Christian Bruch, President and CEO of Siemens, said, "The Siemens Energy team delivered on all raised guidance targets, significantly increased earnings and achieved break-even in our wind business. This provides the foundation for the next phase of our transformation. Our 2030 targets set a clear direction and underscore our successful execu...