Schneider Electric: target raised for 2024
(CercleFinance.com) - On anouncing its interim results, Schneider Electric has slightly raised its FY 2024 target for organic growth in adjusted EBITA to between 9% and 13%, based on a margin assumption that is now around 18.
1% to 18.3%.
The industrial group posted H1 adjusted net income (group share) that is up 10% at E2.24bn, with an adjusted EBITA margin of 18.6%, i.e. up 100 basis points organically.
H1 sales totaled E18.2bn, up 6% organically. Q2 organic growth reached +7%, including +10% in energy management, although -4% in industrial automation.
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1% to 18.3%.
The industrial group posted H1 adjusted net income (group share) that is up 10% at E2.24bn, with an adjusted EBITA margin of 18.6%, i.e. up 100 basis points organically.
H1 sales totaled E18.2bn, up 6% organically. Q2 organic growth reached +7%, including +10% in energy management, although -4% in industrial automation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.