Schneider Electric Full-Year Report 2022
Jean-Pascal Tricoire, Chairman and CEO, commented:
“We deliver a strong 2022, despite the multiple challenges confronting businesses and individuals around the world. The strategic choices we made in past years position ourselves on the twin trends of Electrification and Digitization as our customers seek greater sustainability and resilience. The transformation of our business over past years positions us well for the future and our offers have never been more relevant. The unique operating model we have developed, based on a balanced and empowered geographical organization, a strong digital capability combined with a focus on sustainability has allowed us to respond effectively to the challenges we face and to our customers’ needs.
We announce a year of record revenues, profitability, and net income. On free cash flow, we finished the year strongly, reflective of a progressive easing in supply chains and our ability to service the backlog we had built, which remains high. This strong performance allows us to deliver a progressive dividend for the 13th consecutive year, and we shall propose a dividend of €3.15 per share.
Highlights
- FY22 revenues of €34 billion, up +12% organic, +18% reported o Energy Management up +13% organic o Industrial Automation up +10% organic
- Q4 Group revenues up +16% organic
- FY22 Adj. EBITA €6 billion, up +14% organic, +21% reported
- Adj. EBITA Margin 17.6%, up +40bps organic
- Net Income of €3.5 billion, up +9%; Adj. Net Income €4.0 billion, up +16%
- FCF of €3.3 billion; up +19% with strong contribution in H2
- Disposal program completed: €1.7 billion of revenues addressed
- Structural savings of €1 billion delivered (2020-2022)
- Progressive dividend1 at €3.15/share, up +9%
- Schneider Sustainability Impact – score of 4.91 vs. target of 4.70
- 2023 Financial Target – Adj. EBITA org. growth between +12% and +16%, driven by +9% to +11% org. revenue growth and +50bps to +80bps org. Adj. EBITA margin improvement
