Schneider: confirms 2023 financial target
(CercleFinance.com) - Q3 2023 sales reached E8,789m, up 11.
5% organically, with a +0.1% increase as reported.
Products (54% of group sales in Q3) posted organic growth of +5%.
Systems (28% of group sales in Q3) achieved organic growth of +23 %. Software & Services (18% of group sales in Q3) posted organic growth of +17%.
The company has confirmed its target for FY 2023, looking for between +18% and +23% organic growth in adjusted EBITA.
It is targeting organic sales growth of +11% to +13%, with its EBITA margin up by 120bp to 150bp. Meanwhile, its EBITA margin is expected to be between 17.7% and 18.0%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
5% organically, with a +0.1% increase as reported.
Products (54% of group sales in Q3) posted organic growth of +5%.
Systems (28% of group sales in Q3) achieved organic growth of +23 %. Software & Services (18% of group sales in Q3) posted organic growth of +17%.
The company has confirmed its target for FY 2023, looking for between +18% and +23% organic growth in adjusted EBITA.
It is targeting organic sales growth of +11% to +13%, with its EBITA margin up by 120bp to 150bp. Meanwhile, its EBITA margin is expected to be between 17.7% and 18.0%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.