Siemens Energy AG $ENR.DE, a major German industrial company, has significantly upgraded its revenue and net profit forecasts for the current fiscal year. This development reflects strong demand for gas turbines, related services, and electricity. The company’s revised outlook highlights its effective response to evolving market conditions.

Recent business news has revealed that German engineering giant Siemens $SIE.DE is taking a significant step by selling a 2% stake in its subsidiary Siemens Healthineers $SMMNY. This move is aimed at raising approximately 1.45 billion euros to support various corporate objectives, including the funding of strategic acquisitions like that of American software developer Altair Engineering. The decision underscores Siemens’ continuous efforts to optimize its asset portfolio and strategically reallocate capital.