Schneider reported Q1 organic revenue growth in negative territory due to the impact that COVID-19 had in China, which started to show signs of recovery at the end of quarter. Management warned about the second quarter which will be even worse since the virus spread to the US and Europe, with still a lack of visibility as regards ending confinement. 2020 guidance is still under review and will be updated depending on how the situation evolves.
23 Apr 2020
Strong liquidity to cope with COVID-19
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Strong liquidity to cope with COVID-19
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
23 Apr 2020 -
Author:
Luis Pereira -
Pages:
3
Schneider reported Q1 organic revenue growth in negative territory due to the impact that COVID-19 had in China, which started to show signs of recovery at the end of quarter. Management warned about the second quarter which will be even worse since the virus spread to the US and Europe, with still a lack of visibility as regards ending confinement. 2020 guidance is still under review and will be updated depending on how the situation evolves.