Schneider Electric (EPA:SU) First Half 2024 Results
Key Financial Results
- Revenue: €18.2b (up 3.1% from 1H 2023).
- Net income: €1.88b (down 7.0% from 1H 2023).
- Profit margin: 10% (down from 12% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: €3.36 (down from €3.61 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Schneider Electric EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electrical industry in France.
Performance of the French Electrical industry.
The company's shares are down 7.3% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Schneider Electric's balance sheet health.
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About ENXTPA:SU
Schneider Electric
Engages in the energy management and industrial automation businesses worlwide.
Excellent balance sheet average dividend payer.
