Schneider Electric : After good quality H1 results, the 2023 guidance implies very robust volumes in H2
>Robust H1 results and 2023 guidance slightly upgraded - Yesterday morning Schneider Electric reported (cf. our Flash) good quality H1 results, in line with expectations at the operating level. Organic growth came to 15.3% in H1 (+14.8% in Q2 vs 13.3% expected).The EBITA margin came to 18% (17.9% expected by the consensus), gaining 70bp. Adjusted EBITA reached € 3,174m. Only FCF was somewhat weak at € 820m (41% cash conversion rate).The group slightly upgrad...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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