Schneider Electric Beat 2018 Targets, Launches Buyback

Date : 14/02/2019 @ 07h46
Source : Dow Jones News
Valeur : Schneider Electric (SU)
Cours : 72.68  -0.58 (-0.79%) @ 17h40
Schneider Electric Cours Graphique

Schneider Electric Beat 2018 Targets, Launches Buyback

Schneider Electric (EU:SU)
Graphique Historique de l'Action

6 Mois : De Nov 2018 à Mai 2019

Plus de graphiques de la Bourse Schneider Electric
   By Cristina Roca 
 

Schneider Electric SE (SU.FR) said Thursday that its net profit rose to a new record after it beat its 2018 guidance, and that it launched a new share-buyback program.

The French energy-management company said net profit for the year was 2.33 billion euros ($2.63 billion), up 8.6% from EUR2.15 billion in 2017. Analysts had seen profit rising to EUR2.37 billion, according to a consensus estimate provided by FactSet.

Schneider's fourth-quarter revenue rose 5.4% to EUR7.03 billion thanks to organic growth in all regions.

Revenue for the year totaled EUR25.72 billion, broadly in line with analysts' expectations of EUR25.69 billion, according to a consensus estimate provided by FactSet.

Revenue grew organically by 6.6% in 2018, beating Schneider's guidance, issued in October, for 6% organic sales growth this year. Schneider in October raised its guidance from a previous 5%-6% range.

Schneider posted adjusted earnings before interest, taxes and amortization of EUR3.87 billion for the year, representing 10% organic growth. This result beats Schneider's outlook for 2018, which it also raised in October to 8%-9% from its initial target of 7%-8%.

The company proposed a dividend of EUR2.35 a share, up from EUR2.20 for the year previous.

Schneider is initiating a new EUR1.5 billion-EUR2 billion share buyback program over the 2019-2021 period, it said, after completing a EUR1 billion share buyback program announced in 2017.

The French company said that for 2019, it is targeting organic Ebita growth of between 4% and 7%. It also said it sees its revenue growing organically by 3%-5%.

Schneider backed its mid-term goal of 3%-6% organic revenue growth on average. Over the next three years, Schneider will continue to focus on profitability and improving its Ebita margin, it said.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

February 14, 2019 01:31 ET (06:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Dernières Valeurs Consultées
EU
GLE
Société Gé..
EU
ALU
ALCATEL-LU..
EU
PX1
CAC 40
ORA
Orange
FX
EURUSD
Euro vs Do..
Les dernières valeurs consultées apparaîtront dans cette boîte, vous permettant de choisir facilement les titres vus auparavant.


Inscrivez-vous maintenant pour créer votre liste d'actions personnalisée, en streaming.

Les cours EURONEXT (CAC 40, etc. ) et FOREX (les devises) sont en direct si connecté.
NYSE, AMEX, et ASX sont en différé d'environ 20 minutes. Les autres cours sont en différé d'environ 15 minutes.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Conditions Générales

P: V:fr D:20190519 07:19:45