Schneider Electric Upgrades Targets After Record First-Half Performance
By Adam Whittaker
Schneider Electric upgraded its full-year financial targets after it posted record first-half revenue and adjusted earnings, which were supported by organic growth.
The French group said Thursday that it now targets full-year adjusted organic earnings before interest, taxes and amortization growth of between 14% and 19%. This will be aided by organic revenue growth of between 10% and 13%, and organic adjusted margin expansion of between 70 basis points and 100 basis points.
This came as net profit for the first six months of the year jumped to 2.49 billion euros, equivalent to $2.86 billion. This compares with 1.91 billion euros last year.
The company said it booked record first-half revenue, adjusted Ebita margin and free cash flow.
The company had previously targeted adjusted organic Ebita growth of between 10% and 15%, organic revenue growth of between 7% and 10% and an organic margin expansion of 50 basis points to 80 basis points.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
July 30, 2026 02:13 ET (06:13 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States