Schneider is due to report its Q3 sales on 24 October. We expect the company to deliver 3.5% organic growth, which is broadly in line with consensus. Although the group noticed a deterioration of the macro environment (trade wars, HK’s tensions, Brexit), it remains confident of reaching its full-year guidance of 4-5% organic growth, as well as to increase its EBITA margin by 200bp by 2021. We remain positive on the stock as it should continue to outperform its peers.
16 Oct 2019
Q3 preview: still positive
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Q3 preview: still positive
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
16 Oct 2019 -
Author:
Luis Pereira -
Pages:
3
Schneider is due to report its Q3 sales on 24 October. We expect the company to deliver 3.5% organic growth, which is broadly in line with consensus. Although the group noticed a deterioration of the macro environment (trade wars, HK’s tensions, Brexit), it remains confident of reaching its full-year guidance of 4-5% organic growth, as well as to increase its EBITA margin by 200bp by 2021. We remain positive on the stock as it should continue to outperform its peers.