The energy technology group Siemens Energy increased its profits in the first quarter of its fiscal year and confirmed its forecasts for the full year. The company announced on Wednesday that its adjusted earnings, excluding special items, more than doubled to €1.16 billion. The group also benefited from improved results at its troubled subsidiary Gamesa. Although Gamesa still posted a pre-special items loss of €46 million, this was a significant improvement from the €374 million loss recorded a year earlier. For the fiscal year, management continues to expect the group as a whole to achieve, among other things, comparable revenue growth in the range of 11 to 13 percent and a pre-special items profit margin between 9 and 11 percent. Gamesa is expected to reach break-even. "The start to the fiscal year has been very successful for us," said CEO Christian Bruch. He noted that continued strong demand in the gas turbine and grid technology business made a significant contribution to the positive results. There are also signs of slight improvement in the wind power segment. Order intake reached a record high of €17.6 billion in the first quarter. The robust demand spanned all regions and technologies, supported by the rapid expansion of data centers. Revenue increased by 12.8 percent to €9.7 billion. Siemens Energy is benefiting from rising global electricity demand, driven by population growth, increasing living standards, greater electrification, and growing power needs from data centers, particularly in the field of artificial intelligence. (Reporting by Tom Käckenhoff, edited by Sabine Wollrab. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)