Schneider Electric SE (SCHN.PA)
Wed, Jun 26 2019
June 26 French electrical equipment maker Schneider Electric reaffirmed on Wednesday its target for 2019 and through-cycle objective of 3%-6% organic growth in revenue, on average.
* PREPARING FOR FURTHER INCREASE IN ORGANIC FINANCIAL PERFORMANCE FOR THE LONGER TERM, BEYOND THE 2021 AMBITION
Schneider Electric reported on Thursday its first quarter results with revenue growth of 9 percent at 6.31 billion euros, above consensus of 6.13 billion euros.
Schneider Electric said on Monday it entered into a five-year global framework agreement with oil and gas company BP.
* Schneider Electric has entered exclusive negotiations with Transom Capital Group, a U.S.-based private equity firm, regarding the sale of its Pelco business unit
* North America, Asia-Pacific still have momentum (Adds analysts' comment, share price reaction, mid-term objective)