Schneider Electric : Slight upward revision to the guidance after a good H1 - a sign of confidence
>Good quality H1 figures thanks to energy management - Yesterday, the group reported solid H1 2019 figures with organic growth of 5.4% (consensus at 4.5% and ODDO BHF at 4.9%), of which 5.0% in Q2 alone. Note that only the energy management division posted positive growth (+6.9% in Q2 organic) while industrial automation showed a contraction of 1.1%. The adjusted EBITA margin reached 14.8%, up 40bp (consensus at +20bp, ODDO BHF at +30bp). FCF clocked in at € 837m (of ...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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