Schneider Electric : Q3 results are reassuring and trends remain favourable for the coming months
>A dynamic Q3 with support from all divisions - Yesterday Schneider published Q3 sales of € 6,377m, up 8% on a reported basis. Organic growth came in at 7.2%, well above our forecast (5.4%) and the consensus (5.5%). Currencies had a negative -2.4% impact on sales and acquisitions (net of divestments) contributed 3.2% to growth.The Low Voltage and Industrial Automation divisions posted growth of 7.4% and 6.6%, respectively. More importantly, the two traditionally ...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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