Edition:
United Kingdom

Schneider Electric Q3 Revenue At EUR ‍​6.38 Billion, beats expectations


Thursday, 25 Oct 2018 

Oct 25 (Reuters) - SCHNEIDER ELECTRIC SE ::Q3 REVENUE EUR ‍​6.38 BILLION VERSUS EUR 6.30 BILLION IN COMPANY-COMPILED POLL.Q3 ORGANIC GROWTH 7.2‍​ PERCENT VERSUS 5.5 PERCENT IN COMPANY-COMPILED POLL.Q3 COMPANY-COMPILED POLL: REVENUE EUR 6.30 BILLION; ORGANIC GROWTH 5.5 PERCENT; FX NEGATIVE IMPACT ON SALES EUR 144 MILLION.SEES 2018 ADJUSTED. EBITA GROWTH BETWEEN +8% AND +9% (PREVIOUSLY BETWEEN +7% AND +9%).SEES ORGANIC SALES GROWTH FOR 2018 AT CLOSE TO +6% (PREVIOUSLY BETWEEN +5% TO +6%).SEES +30 TO +50 BPS ORGANIC IMPROVEMENT OF ADJUSTED. EBITA MARGIN IN 2018.Q3 IMPACT OF FOREIGN EXCHANGE FLUCTUATIONS WAS NEGATIVE AT €127 MILLION OR -2.4% OF GROUP REVENUES.FX NEGATIVE IMPACT ON FY 2018 REVENUES IS ESTIMATED TO BE AROUND €1.1 BILLION AND C. 20BPS ON ADJUSTED EBITA MARGIN.CURRENT C. EUR 1 BILLION BUYBACK COULD BE COMPLETED 6 MONTHS AHEAD OF PLAN, I.E. WITHIN 2018.