Not Much to Fault With Schneider's 2Q; Shares Look Attractive
Schneider posted a solid second quarter with demand coming through in all of the company's segments, driving 7% group organic revenue growth and a resuscitation of the medium-voltage division's revenue growth. The group first-half EBITA margin expanded by 30 basis points year on year to 14.4%, with contribution from a gross margin improvement in the medium-voltage division, where restructuring efforts seem to be showing their benefits. The company increased its 2018 organic revenue and EBITA gro...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.
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