SCHNEIDER ELECTRIC: Another steady performance in Q2. Guidance upgraded. | BUY | EUR84(+8%)
SCHNEIDER ELECTRIC - BUY | EUR84(+8%)Another steady performance in Q2. Guidance upgraded.
Q2 revenues slightly above consensus expectations
H1 EBITA: +70bps (lfl) at 14.8%
Outlook: guidance upgraded. Buy reiterated.
Schneider Electric is engaged in energy management. Co. is organized into four areas: Buildings and Partner, Infrastructure, Industry and IT; and operates in four principal markets: non-residential & residential buildings, utilities & infrastructure, industry & machine manufacturers and data centers & networks. The non-residential and residential buildings market includes end-users, property developers, design firms, and systems integrators. The utilities and infrastructure market includes energy operators. The industries market serves end users and companies, and engineering firms. The data centers and networks contain servers that process and store digital data in secure rooms.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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