Schneider Electric posts record first half core profit, ups guidance [Reuters]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Reuters
Schneider Electric posts record first half core profit, ups guidance - Reuters 3 Min Read (Reuters) - Schneider Electric ( SCHN.PA ) posted a record first-half core profit on Thursday, helped by improved sales volumes and pricing at the French electrical equipment manufacturer’s energy management division, and raised its guidance. Schneider’s first-half adjusted earnings before interest, tax and amortization (EBITA) rose 10.9% organically to 1.96 billion euros ($2.18 billion), topping analyst consensus for 1.92 billion. The group, which markets products ranging from electrical car chargers and lighting control to transformers and production software, reported 5.4% organic revenue growth for January-June to 13.20 billion euros, also exceeding analysts’ estimates. The company’s energy management division reported solid growth, underpinned by high demand for products and services, particularly in the data centers market across all the regions in which it operates. The residential, comm
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