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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Schneider Electric SE | EU:SU | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.50 | 1.67% | 212.65 | 212.00 | 215.00 | 215.50 | 208.30 | 209.60 | 1,110,405 | 02:01:45 |
From Apr 2023 to Apr 2024
By Giulia Petroni
Schneider Electric SE on Thursday reported a rise in revenue for the first quarter and upgraded its full-year targets as it said demand remains strong and supply-chain issues continue to ease.
The French group said revenue came in at 8.49 billion euros ($9.36 billion) from EUR7.57 billion, up around 16% organically on year. Performance was boosted by broad-based demand for software and digitization, as well as electrification, the company said.
For 2023, Schneider Electric expects adjusted earnings before interest, taxes and amortization of between 16% and 21% organically, from previous expectations of 12%-16%. The adjusted Ebita margin is seen at around 17.6%-17.9%.
Revenue growth is expected at 10% to 13% organically, from the previously forecast 9%-11%, the company said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 27, 2023 02:09 ET (06:09 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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