Schneider Electric : Q1 sales slightly ahead of expectations, which had adjusted downwards
>Q1 sales: +5.3% in organic terms (vs css at 4.5%) - Schneider Electric this morning reported Q1 sales of € 8.606bn, up 1.3% in reported terms. Organic growth came to 5.3% (ODDO BHF 3.7%, consensus 4.5%).The gap widened further in terms of divisional performances, with the Energy Management division continuing to see strong growth (+8.9% in organic terms), while the Industrial Automation division posted a decline of 6.6% in organic terms, the first quarter of ne...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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