Schneider Electric : A strong Q3 despite an impact of -2 pts of growth due to the components shortages
>Q3 succeeded in beating estimates… - The Q3 sales figures published yesterday provided a positive surprise. Sales were up 8.8% on an organic basis (cf. our equity flash published yesterday “Q3: a little better than expected, 2021 guidance confirmed”). Over 9M, all regions are now above the 2019 levels: 7% higher on an organic basis in North America, 4% in Western Europe,9% in Asia-Pacific and 11% in the rest of the world. Over Q3 alone, activity saw double-digit...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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