Schneider Electric: adjusted net income down 26%
(CercleFinance.com) - Schneider Electric has reported adjusted net income of 995 million euros for the first half of 2020, down 26%, with an adjusted EBITA margin of 13.
6%, down 130 basis points organically.
At just under 11.6 billion euros, H1 revenue of the energy management and industrial automation group contracted by 10.5% organically, including a 14.2% fall in the second quarter.
Taking into account the current economic situation, Schneider Electric is targeting an adjusted EBITA margin of between 14.5% and 15% for full-year 2020, with organic sales down between 7% and 10%.
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6%, down 130 basis points organically.
At just under 11.6 billion euros, H1 revenue of the energy management and industrial automation group contracted by 10.5% organically, including a 14.2% fall in the second quarter.
Taking into account the current economic situation, Schneider Electric is targeting an adjusted EBITA margin of between 14.5% and 15% for full-year 2020, with organic sales down between 7% and 10%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.