Schneider Electric SE

Latest Results (14.08.2024):

Revenue Growth

Schneider Electric SE reported a significant increase in its Q2 2024 revenues, reaching €9,567 million, which represents a 7.1% organic growth and a 4.7% increase on a reported basis. This growth was driven by strong performance in Energy Management, which saw a 10% organic increase, while Industrial Automation experienced a 4% decline due to softness in Discrete markets.

Adjusted EBITA

For the first half of 2024, Schneider Electric SE achieved an adjusted EBITA of €3.4 billion, marking a 12% organic growth. The adjusted EBITA margin improved by 100 basis points organically, reaching 18.6%. This strong performance underscores the company's effective execution and strategic focus on high-growth areas.

Net Income

Schneider Electric SE's adjusted net income for the first half of 2024 was €2.2 billion, reflecting a 10% increase compared to the previous year. This growth in net income highlights the company's ability to convert revenue growth into bottom-line profitability, driven by operational efficiencies and strategic investments.

Operating Cash Flow

The operating cash flow for Schneider Electric SE in the first half of 2024 was €3.1 billion, up 15% from the same period in the previous year. This robust cash flow performance provides the company with the financial flexibility to invest in growth opportunities and return value to shareholders.

Regional Performance

In Q2 2024, Schneider Electric SE saw double-digit organic growth in North America and the Rest of the World, with North America leading at 15.5% and the Rest of the World at 16.2%. Western Europe and Asia Pacific also contributed positively, with organic growth rates of 3.3% and 5.2%, respectively, reflecting the company's strong global presence and diversified market strategy.