Schneider Electric: unveils MT and LT targets

(CercleFinance.com) - On Tuesday Schneider Electric unveiled its medium- and long-term organic growth and margin targets ahead of a CMD to be held this afternoon.


The world leader in low-voltage electrical equipment said it expects average annual organic sales growth of 5% to 8% over 2022 to 2024.

In a reaction note, analysts at RBC refer to this as a "positive" forecast, as the consensus had previously been looking for organic growth of around 5%.

Over the same period, the industrial group is also targeting an annual organic improvement of 30 to 70 basis points in its adjusted Ebita margin.

In the longer term, Schneider aims to generate organic revenue growth of over 5%, with the potential to further increase its adjusted EBITA margin.

After opening slightly higher, the stock was down about 0.5% half an hour into trading on Tuesday, although was still outperforming the CAC 40 (-1.3%).

At its virtual investor day, scheduled to start at 2pm, Schneider will also detail its strategy and main priorities for the coming years.


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