As Expected, Wide-Moat Schneider Upgraded Guidance Due to Asia-Pacific Growth; Shares Undervalued
Wide-moat Schneider Electric reported good first-half revenue of EUR 12.7 billion, up 3.7% year over year on a reported basis and up 2.7% on an organic basis, in line with our estimates but above market expectations. As in previous quarters, Schneider’s organic growth was dragged down by low infrastructure investments. Positively, China continued to grow, benefiting from strong industrial demand growth. After another quarter of rising profitability (adjusted EBITA margin increased 60 basis point...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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