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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric SE    SU   FR0000121972

SCHNEIDER ELECTRIC SE

(SU)
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Schneider Electric : Upgrades 2020 Guidance

10/22/2020 | 02:05am EST

By Giulia Petroni

Schneider Electric SE said Thursday that it was raising its full-year guidance following a positive third-quarter performance.

The French energy-management company said quarterly revenue came in at 6.46 billion euros ($7.66 billion), down 2.8% from the previous-year period. On an organic basis, revenue rose 1.3%.

The energy-management division registered organic growth of 2.5% on year, while the industrial automation business posted a 2.5% organic decline.

"We saw a progressive recovery across the business throughout the quarter, which was boosted, in part, by pent-up demand from past orders and re-stocking in our distribution channels," Chief Executive Jean-Pascal Tricoire said.

The company said uncertainties persist around fourth-quarter results due to a rise in coronavirus cases across geographies.

Schneider Electric raised its guidance for the full year, saying it now expects a revenue decline of between 5% to 7% organically from a previously forecast decline of 7% to 10%. The adjusted earnings before interest, taxes and amortization margin is expected to be around 15.1% and 15.4%.

The company reiterated its 2022 adjusted Ebita margin target of around 17%.

It also said it remains committed to its portfolio optimization program, but expects the timeline to be delayed by around one year due to the Covid-19 crisis.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-22-20 0204ET

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Financials
Sales 2020 24 992 M 29 588 M 29 588 M
Net income 2020 2 080 M 2 463 M 2 463 M
Net Debt 2020 4 761 M 5 637 M 5 637 M
P/E ratio 2020 31,2x
Yield 2020 2,17%
Capitalization 64 111 M 75 736 M 75 902 M
EV / Sales 2020 2,76x
EV / Sales 2021 2,54x
Nbr of Employees 135 000
Free-Float 93,2%
Chart SCHNEIDER ELECTRIC SE
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Technical analysis trends SCHNEIDER ELECTRIC SE
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 115,65 €
Last Close Price 119,75 €
Spread / Highest target 15,0%
Spread / Average Target -3,42%
Spread / Lowest Target -29,0%
EPS Revisions
Managers
NameTitle
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Hilary Maxson Chief Financial Officer
Hervé Coureil Executive Vice President-Information Systems
Premraj Krishnakutty Vice President-Research & Development
Willy R. Kissling Director
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