(RTTNews) - Schneider Electric SE (SBGSF) on Thursday said its first-quarter revenues rose 4.7% on a reported basis, supported by broad-based growth across all business segments.
The company reported revenues of 9.76 billion euros, a 11.2 percent increase on an organic basis. The growth mainly came from a solid performance in Energy Management, which rose 12.8 percent on an organic basis, and Industrial Automation, which went up by 4.4 percent.
The company has also reaffirmed its full-year targets for 2026, projecting organic revenue growth of 7 percent to 10 percent and adjusted EBITA growth of 10 percent to 15 percent, backed by ongoing strong demand in its key markets.
SBGSF is currently trading at $321.39, up $3.96 or 1.25 percent on the OTC Markets.
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