Automation and Ongoing Cyclical Upturn in Construction Markets Supports Schneider's 3Q Revenue
Schneider reported third-quarter revenue with trends broadly in line with our forecasts. The company selectively raised guidance on some of its divisions and on the group EBITA margin. While revenue growth is tracking in line with our full-year forecasts, the low end of the new margin guidance implies 25 basis points of greater 2017 year-over-year expansion than our forecasts. However, we do not expect to make significant changes to our model, and we maintain our EUR 75 fair value estimate and w...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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