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Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

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Wed, Jun 26 2019

RPT-Schneider Electrics reaffirms mid-term targets

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.

BRIEF-Schneider Electric Reaffirming Medium-Term Ambition

* PREPARING FOR FURTHER INCREASE IN ORGANIC FINANCIAL PERFORMANCE FOR THE LONGER TERM, BEYOND THE 2021 AMBITION

Schneider Electric's first quarter results beat consensus

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 signs five-year contracting deal with BP

Schneider Electric said on Monday it entered into a five-year global framework agreement with oil and gas company BP.

Schneider Electric in talks to sell its Pelco arm to private equity firm Transom

* 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

UPDATE 2-Schneider Electric's shares rise on better than expected 2019 outlook

* North America, Asia-Pacific still have momentum (Adds analysts' comment, share price reaction, mid-term objective)

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