Schneider Electric Net Profit, Revenue Rose
20 Febbraio 2020 - 08:01AM
Dow Jones News
By Matteo Castia
Schneider Electric SE reported Thursday a rise in net profit for
2019 on growing revenue across all its markets.
The French energy-management group made a net profit of 2.41
billion euros ($2.60 billion) for the year ended Dec. 31, 2019,
compared with EUR2.33 billion in 2018. Revenue rose 5.6%
year-on-year to EUR27.16 billion.
Adjusted earnings before interest, taxes and amortization--one
of the company's preferred metrics which strips out exceptional and
other one-off items--was EUR4.24 billion, 9.4% higher than the
previous year.
The company benefited from the digitalization of the business
and a smooth execution of the group's strategy, a Schneider
Electric spokesperson said.
Schneider Electric added that revenue for the fourth quarter
grew 4% to EUR7.31 billion.
The board has declared a yearly dividend of EUR2.55, up from
EUR2.35 the previous year.
The company is targeting a 1% to 3% organic-revenue growth this
year, a company spokesperson added.
"We remain committed to strengthen the group core and pivot
gradually towards more connected products, automation, software and
services," Chief Executive Jean-Pascal Tricoire said.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
February 20, 2020 01:46 ET (06:46 GMT)
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