Schneider reported Q3 results in line with expectations, with organic growth of 3.1%. Energy Management (EM) performed well, +3.9% organic, and Industrial Automation (IA) remained resilient (+0.6% organic) in the challenging environment. Management confirmed the full-year guidance. No changes in our estimates, we remain positive on the stock.
24 Oct 2019
In line with expectations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
In line with expectations
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
24 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
Schneider reported Q3 results in line with expectations, with organic growth of 3.1%. Energy Management (EM) performed well, +3.9% organic, and Industrial Automation (IA) remained resilient (+0.6% organic) in the challenging environment. Management confirmed the full-year guidance. No changes in our estimates, we remain positive on the stock.