Schneider reported a solid set of FY 19 results, globally in line with both our estimates and consensus, except on FCF. The 2020 guidance, based on +1% to +3% organic revenue growth and adjusted EBITA margin between 16% and 16.3%, confirm the group’s medium-term prospects. We appreciate the strong positioning of Schneider on long-term trends around energy efficiency and automation, as well as the rebalancing of activities towards more software and services. Our current Reduce recommenda
20 Feb 2020
Software and services are supporting margin expansion
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Software and services are supporting margin expansion
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
20 Feb 2020 -
Author:
Luis Pereira -
Pages:
3
Schneider reported a solid set of FY 19 results, globally in line with both our estimates and consensus, except on FCF. The 2020 guidance, based on +1% to +3% organic revenue growth and adjusted EBITA margin between 16% and 16.3%, confirm the group’s medium-term prospects. We appreciate the strong positioning of Schneider on long-term trends around energy efficiency and automation, as well as the rebalancing of activities towards more software and services. Our current Reduce recommenda