Schneider: 2019 off to a good start
(CercleFinance.com) - Schneider Electric's like-for-like sales growth remained robust in Q1 2019, reaching 5.
The group has confirmed its full-year targets, which include organic growth of 3% to 5%. The Schneider share is up 2.5% this morning on the Paris Stock Exchange, outperforming the market, which is slightly down.
By region, like-for-like growth reached 8.7% in North America, followed by 6.8% in Asia-Pacific and 3.5% in Western Europe. By division, Energy Management (+7.1%) outperformed Industrial Automation (+2.3%; + 4% excluding the ongoing disposal).
For the record, growth was 6.6% for full-year 2018, with +7.2% in Q3 and +5.4% in Q4.
Thus, from January to March, invoicing reached 6.3 billion euros, up 8.7% as reported, including a positive exchange rate effect of 2%.
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