Schneider Electrics half-Year Report 2023

Peter Herweck, Chief Executive Officer, commented:

“I’m pleased to report on a very strong first half of the year. We have driven strong revenue growth, up +15% organic, and combined this with a focus on profitability, with an adjusted EBITA margin of 18.0%, which represents a record high for the company. We continue to grow our backlog, reflective of strong demand trends primarily linked to Electrification in the New Energy Landscape and Artificial Intelligence driving increased traction for Data Centers. Our record operating cash flow reflects the quality of our business, and we expect this to translate into strong free cash flow in H2 2023. Our balanced geographical footprint and end-market exposure gives us confidence to continue to deliver profitable growth. As such we today upgrade our FY 2023 financial target.” 

  • Q2 Group revenues up +15% organic; crossing €9 billion, an all-time high for Q2
  • Energy Management and Industrial Automation both growing double-digit
  • All four regions up double-digit; led by North America and Rest of the World
  • H1 Group revenues of €17.6 billion, up +15% organic
  • H1 Adj. EBITA €3.2 billion, up +29% organic
  • Adj. EBITA Margin 18.0%,
  • Adj. EBITA Margin up +190bps organic
  • Net Income €2.0 billion, up +33%; Adj. Net Income €2.0 billion, up +13%
  • Operating Cash Flow €2.7 billion, up +4%; Free Cash Flow €820 million; up +86%
  • Schneider Sustainability Impact program continues progress

Free Trial

Step 1 of 2

Name(Required)

By pressing “Send” you agree to the Privacy Policy of this site

No Credit Card needed, after filling up the form you will receive your Free-Trial login information in 24 to 48 hours by e-mail.

ImprintPrivacy Policy

All Rights Reserved © aicorite.com