Schneider Electric Raises Guidance and Posts Strong 2Q; Shares Attractive
Wide-moat Schneider Electric posted good revenue growth (5%) and margin expansion (40 basis points) in first-half 2019, aided by spending from process automation, double- digit software growth and steady demand for low- and medium-voltage products. Management increased guidance for the year. Results so far this year are trending slightly above our expectations. We plan to make modest upward changes to our forecasts but not enough to materially affect our EUR 92 fair value estimate. Shares look a...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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