Company backs full-year outlook despite slightly missing analysts’ expectations

  • Schneider Electric reports 3Q revenue of EUR8.79B
  • 0.1% increase in revenue on a reported basis
  • 11.5% increase in revenue on an organic basis
  • Results supported by execution of order backlog and good end-market demand
  • North America sales grew 6.5% on a reported basis
  • Western Europe sales grew 3.7% in the period
  • Signs of weaker demand for discrete automation in China and Western Europe in 4Q

Schneider Electric has reported its third-quarter revenue of EUR8.79 billion, representing a 0.1% increase on a reported basis and an 11.5% increase on an organic basis. The results were supported by the execution of the company’s order backlog and reflected good end-market demand. In North America, sales grew 6.5% on a reported basis, while Western Europe saw a growth of 3.7% in the period. However, Schneider Electric warned of signs of weaker demand for discrete automation in China and Western Europe in the fourth quarter. Despite this, the company still backs its 2023 targets.

Public Companies: Schneider Electric (N/A)
Private Companies:
Key People: Pierre Bertrand (N/A)

Factuality Level: 7
Justification: The article provides factual information about Schneider Electric’s third-quarter revenue and its performance in different regions. It also mentions the company’s challenges and outlook for the future. However, it lacks in-depth analysis and context, and there is no mention of any potential biases or conflicting perspectives.

Noise Level: 6
Justification: The article provides information on Schneider Electric’s third-quarter revenue and its outlook for the full year. It mentions the revenue figures and growth rates, as well as the factors that influenced the results, such as the disposal of its Russia operations and currency-exchange effects. It also mentions the growth in revenue in North America and Western Europe. However, the article lacks in-depth analysis or insights into the long-term trends or antifragility of Schneider Electric’s business. It also does not provide evidence or examples to support its claims. Overall, the article contains relevant information but lacks depth and analysis.

Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the energy and automation sectors. Schneider Electric, as a major player in the energy-management and automation industry, provides insight into the performance and trends of these sectors.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not mention any extreme events or significant disruptions that would warrant an impact rating.