Schneider: one of 2024's big winners

(CercleFinance.com) - Schneider Electric's share price rose almost 32% in 2024, making it one of the best performers on the CAC40, which ended down 2.
6%.

Oddo BHF has maintained its 'outperform' rating and E273 target price for Schneider Electric, following the CMD on the group's opportunities and prospects in India, which also saw its new CEO endorse medium-term targets.

In addition to the fact that India is Schneider's third-largest market (behind the US and China), the broker also presents it as a major talent pool, in a world where finding qualified engineers remains a challenge.

Schneider Electric benefits from its positioning in segments with high growth potential (grid, datacenters, software, infrastructure, etc.), which we believe justifies the share trading on best-in-class multiples, it adds.

The group confirmed its target for 2024, namely organic growth in adjusted EBITA of between +9 and +13%, thanks to organic sales growth of +6% to +8% and an adjusted EBITA margin of around 18.1% to 18.3%.


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