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%.


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