Schneider ups guidance as quarterly revenue jumps 17%

2 hours ago

(AWP Alliance News) - Schneider Electric SE - Rueil-Malmaison, France-based energy technology company - Third quarter revenue totals EUR11.5 billion, up 17% from a year ago on an organic basis. Of this, China & East Asia revenue climbs 26% and North America 20%. Chief Executive Officer Olivier Blum says the period demonstrated "the strength of our value proposition across end-markets and geographies." CEO Blum calls Data Centers "a key growth driver as we continue to execute on our backlog while seeing triple-digit demand growth in the quarter, providing increasing visibility into 2027 and 2028." Says demand remains healthy across all four end-markets, leading to a record backlog at quarter-end. It does not report the exact size. Revenue in the nine months to September 30 is EUR32.7 billion, up 15% on-year.

Looking ahead, Schneider has raised its profit and revenue outlook for 2026. It now expects adjusted earnings before interest and taxes growth between 18% and 21%, up from 14% to 19% before, alongside organic revenue growth of 12% to 14%, up from between 10% and 13%. Schneider expects its adjusted Ebitda margin to increase by between 100 basis points and 120 basis points on an organic basis.

Earlier this month, Schneider agreed to acquire industrial software firm PTC Inc in a deal worth around USD23 billion. Notes net acquisitions/disposals in the quarter had an impact of negative EUR36 million or 0.4% of group revenue, mainly reflecting the impact of some small disposals. Based on transactions completed to date, projects the scope impact on 2026 revenue to be negative EUR50 million. The FX impact on 2026 revenue is estimated to be between negative EUR300 million and negative EUR400 million.

Current share price: EUR249.45, closed down 2.8% in Paris on Friday

12-month change: up 1.0%

By Aidan Lane, Alliance News reporter

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