Schneider Electric: Q3 sales up 12%
(CercleFinance.com) - Schneider Electric has announced Q3 2021 sales that are up 11.
8% at 7.22 billion euros, representing organic growth of 8.8%, including 9.4% growth for energy management and 6.7% growth for industrial automation.
The group says that it has continued to make progress on its strategic priorities, announcing organic growth of 10% for products, despite global supply difficulties, and 7% for software and services.
Assuming that there is no further deterioration due to the pandemic, Schneider confirms its targets for 2021, including organic growth in adjusted EBITA of between +19% and +24%, which would mean an adjusted EBITA margin of around 16.9% to 17.2%.
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