Schneider: group exceeds expectations - Oddo still a buyer
(CercleFinance.com) - Oddo says that once again Schneider has exceeded expectations, after the French industrial group published its results for 2020.
With organic growth of +0.8% in Q4, over FY 2020, the decline was limited to 4.7%.
The broker says that the most impressive point in this publication is FCF, which rose sharply to 3.7 billion euros (above the consensus of 2.9 billion euros).
For 2021, the group also expects organic sales growth of 5% to 8%, along with an improvement in its adjusted EBITA margin, reaching 16.1%/16.5%, which Oddo says is very encouraging guidelines.
In this context, the broker maintains its "outperform" rating on Schneider Electric shares, along with its target price of 145 euros (16% upside potential).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
With organic growth of +0.8% in Q4, over FY 2020, the decline was limited to 4.7%.
The broker says that the most impressive point in this publication is FCF, which rose sharply to 3.7 billion euros (above the consensus of 2.9 billion euros).
For 2021, the group also expects organic sales growth of 5% to 8%, along with an improvement in its adjusted EBITA margin, reaching 16.1%/16.5%, which Oddo says is very encouraging guidelines.
In this context, the broker maintains its "outperform" rating on Schneider Electric shares, along with its target price of 145 euros (16% upside potential).
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.