Schneider Electric: sales up 6% in Q3
(CercleFinance.com) - Schneider Electric reported a 5.
9% increase in sales to E9.31bn for Q3 2024, driven by organic growth of 8%, a record for this time of year.
Also in organic terms, 11.6% growth in energy management offset a 5.9% decline in industrial automation, impacted by weakness in the manufacturing market.
Schneider Electric also points to a contribution from all four of its regions to growth in the quarter, including double-digit organic growth in North America and the Rest of the World zone.
The group confirms its target for 2024, namely organic growth in adjusted EBITA of between +9% and +13%, thanks to organic sales growth of between +6% and +8% and an adjusted EBITA margin of around 18.1% to 18.3%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
9% increase in sales to E9.31bn for Q3 2024, driven by organic growth of 8%, a record for this time of year.
Also in organic terms, 11.6% growth in energy management offset a 5.9% decline in industrial automation, impacted by weakness in the manufacturing market.
Schneider Electric also points to a contribution from all four of its regions to growth in the quarter, including double-digit organic growth in North America and the Rest of the World zone.
The group confirms its target for 2024, namely organic growth in adjusted EBITA of between +9% and +13%, thanks to organic sales growth of between +6% and +8% and an adjusted EBITA margin of around 18.1% to 18.3%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.