Schneider Electric 3Q Revenue Exceeded Expectations
27 Octobre 2022 - 8:10AM
Dow Jones News
By Pierre Bertrand
Schneider Electric SE on Thursday backed its 2022 targets as its
third-quarter revenue increased, beating analysts expectations.
The French energy management and automation group said revenue
rose to 8.78 billion euros ($8.86 billion) compared with EUR7.22
billion for the same period a year prior.
It is a near 22% rise on a reported basis and a 12% increase on
an organic basis, the company said.
Analysts had expected EUR8.47 billion in third-quarter revenue,
according to a company-provided consensus estimate.
Schneider Electric said the three months ended Sept. 30 was
marked by a continued easing of supply-chain bottlenecks, adding
that pressure remained on electronic components.
The company said that third-quarter revenue was affected by its
exit from Russia, adding that it completed the transfer of
Schneider Electric Russia to the local management team.
The company confirmed its 2022 target of achieving organic
adjusted earnings before interest, taxes and amortization growth of
between 11% and 15% through revenue growth of between 9% to
11%.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 27, 2022 01:55 ET (05:55 GMT)
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