Record order backlog provides good visibility for the future

  • Schneider Electric reports net profit of 4.0 billion euros in 2023
  • Revenue rose 5.1% to EUR35.9 billion
  • Organic revenue grew 12.7% and organic adjusted earnings before interest, tax and amortization grew 24.5%
  • Expects strong market demand in 2024 with record level of backlog
  • Targets organic adjusted Ebita growth of 8% to 12% in 2024

Schneider Electric, the French energy-management and automation group, has reported a net profit of 4.0 billion euros in 2023, with revenue rising 5.1% to EUR35.9 billion. The company experienced organic revenue growth of 12.7% and organic adjusted earnings before interest, tax and amortization grew 24.5%. Schneider Electric expects strong market demand in 2024, with a record level of backlog providing enhanced visibility for the coming quarters. The company is targeting organic adjusted Ebita growth of 8% to 12% in 2024.

Public Companies: Schneider Electric (N/A)
Private Companies:
Key People: Peter Herweck (Chief Executive)

Factuality Level: 8
Justification: The article provides specific financial information about Schneider Electric’s net profit, revenue, and organic growth rates. It also includes statements from the company’s CEO and outlines their expectations for future performance. The information appears to be based on the company’s official reports and statements, making it reliable and factual.

Noise Level: 7
Justification: The article provides information on Schneider Electric’s financial performance and future expectations. However, it lacks in-depth analysis and does not explore the consequences of the company’s decisions on stakeholders. It also does not provide evidence or data to support its claims. Overall, the article contains relevant information but lacks depth and rigor.

Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the energy sector and automation industry. Schneider Electric’s positive financial results and optimistic outlook for revenue and earnings growth may have an impact on investor sentiment and stock prices in 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 events that would have a significant impact on financial markets or companies. It primarily focuses on Schneider Electric’s financial performance and future projections.

Reported publicly: www.marketwatch.com