https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Siemens rival Schneider Electric raises annual targets after strong quarter | message, Forex-News, Forex-News
Bitcoin
$19,053.05
+305.79
Ethereum
$595.95
+6.57
Litecoin
$87.31
+0.25
DigitalCash
$106.95
+0.14
Monero
$127.03
-1.16
Nxt
$0.01
-0
Ethereum Classic
$6.24
+0.01
Dogecoin
$0.00
0

Siemens rival Schneider Electric raises annual targets after strong quarter | message

5
, Siemens rival Schneider Electric raises annual targets after strong quarter | message, Forex-News, Forex-News


, Siemens rival Schneider Electric raises annual targets after strong quarter | message, Forex-News, Forex-News

RUEIL-MALMAISON (dpa-AFX) – The French industrial group Schneider Electric is raising its annual targets after a recovery in the third quarter. Sales should now drop by 5 to 7 percent instead of 7 to 10 percent, the group announced on Thursday in Rueil-Malmaison near Paris. Acquisitions and sales as well as exchange rate effects are excluded. Adjusted for special effects, the operating margin of earnings before interest, taxes and goodwill amortization (Ebita) is expected to fluctuate between 15.1 and 15.4 percent – in the previous year a value of 15.3 percent was achieved. So far, Schneider had expected a decline of up to 0.9 percentage points.

The reason for the optimism for the group, which competes with the German Siemens group in some areas such as energy management or industrial automation, is the development of the third quarter. Although total sales of 6.5 billion euros were 2.8 percent below the previous year’s figure, this was mainly due to exchange rate fluctuations due to the strength of the euro. The French said it would have been a plus of 1.3 percent on their own. In terms of proceeds, Schneider clearly exceeded analysts’ estimates.

The group scored particularly well in Asia, both in terms of the automation of production processes and energy management. The company did not have any profit figures after nine months, as is customary in France./men/mis

advertising

Current certificates from

The base prospectus as well as the final terms and the basic information sheets are available here: JC883G, JC59NJ. Please also note the further information ** on this advertisement.



, Siemens rival Schneider Electric raises annual targets after strong quarter | message, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Siemens rival Schneider Electric raises annual targets after strong quarter | message, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More