Schneider reported Q3 18 sales that were slightly above expectations and included +7.2% organic growth which was well balanced between both business segments (Energy Management & Automation). Another positive is the well-balanced growth between all geographies and the reassuring trend in China which posted double-digit growth. The company is confident for the Q4 18 given the strong Q3 momentum and raised its guidance slightly for both revenue and EBITDA organic growth.
25 Oct 2018
Reassuring at all levels, FY18 guidance raised
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Reassuring at all levels, FY18 guidance raised
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
25 Oct 2018 -
Author:
Lionel Pellicer -
Pages:
3
Schneider reported Q3 18 sales that were slightly above expectations and included +7.2% organic growth which was well balanced between both business segments (Energy Management & Automation). Another positive is the well-balanced growth between all geographies and the reassuring trend in China which posted double-digit growth. The company is confident for the Q4 18 given the strong Q3 momentum and raised its guidance slightly for both revenue and EBITDA organic growth.