Report
Delphine Brault

Schneider Electric : H1 results, more resilient than expected, validate the ongoing change in status

>H1 adjusted EBITA margin surprises on the upside - Yesterday, the group reported H1 2020 results that in the end were of better quality than feared, with an organic decline in sales of -10.5% (consensus -13.5% and ODDO BHF -12%), with -14.2% in Q2. Note that, in Q2, the industrial automation division in Asia-Pacific was the only one to show positive growth (+2.9% organic), driven by the very strong recovery in China. The adjusted EBITA margin came to 13.6%, down 120b...
Underlying
Schneider Electric SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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