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Schneider Electric: target raised for 2023

( - Schneider Electric has raised its 2023 target, now expecting organic growth in adjusted EBITA of between +16 and +21%, thanks to organic growth in sales of between +10 and +13% and an organic increase in the adjusted EBITA margin of between +100 and +130 bp.

In the first quarter, the industrial group said it had achieved sales growth of 12.3% to 8.49 billion euros, an all-time record for this period of the year, including organic growth of 15.8%.

Schneider Electric claims a positive contribution from all four regions and double-digit organic growth in its two businesses, "underlining the widespread demand for software and digitalization, as well as for sustainable development and electrification."

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