Market Intelligence

Schneider Electric's first quarter results beat consensus

Reuters

April 18 () - Schneider Electric reported on Thursday its first quarter results with revenue growth of 9 percent at 6.31 billion euros, above consensus of 6.13 billion euros.

The company, which markets products ranging from electrical car chargers and lighting control to transformers and software, reiterated its 2019 outlook, with an adjusted EBITA margin up 20 to 50 basis points organic and a revenue organic growth of 3 to 5 percent.

Schneider Electric said that the FX impact on 2019 full year revenues would be between 300 and 400 million euros and could be of around negative 10 basis points for adjusted EBITA at current exchange rates.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SCHN

Other Topics

Stocks World Markets Earnings

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More