Schneider Electric Shares Jump After Release of Medium-Term Targets
November 09 2023 - 4:10AM
Dow Jones News
By Pierre Bertrand
Schneider Electric shares jumped after the French
energy-management and automation group disclosed its medium-term
financial targets.
At 0815 GMT, shares were up 5.4% at EUR158.98.
Schneider Electric said Thursday that it is targeting annual
organic revenue growth of 7% to 10% through 2027. It is also
targeting an expansion of its annual organic adjusted earnings
before interest, taxes and amortization margin by around 50 basis
points.
The targets were released ahead of the company's capital markets
day on Thursday in London.
The new targets, if linearly applied, imply mid to
high-single-digit upside to adjusted Ebitda consensus for the
2024-25 period and between 15% and 20% upside to the adjusted
Ebitda estimate for 2026-27, Citi analysts said in a research
note.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
November 09, 2023 03:55 ET (08:55 GMT)
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