(AOF) – Schneider Electric (+6.22% to 160.28 euros) prances at the top of the CAC 40 and is heading straight for a third consecutive session in the green. As part of its investor day being held this Thursday in London, the specialist in digital energy solutions unveiled new medium-term financial objectives that were better than expected. The group is targeting organic growth in its turnover of between 7% and 10% per year on average between 2023 and 2027 and organic growth in its adjusted operating profit margin (Ebita) of around 50 points per year on average.
“The new financial objectives imply an upward revision of 4% of consensus sales estimates and of 15% to 20% of the adjusted Ebita consensus over the period 2024-2027”, underlines UBS, for purchase on the value, adding that they reinforce “our thesis of accelerated growth and increased margins”.
In the long term, Schneider Electric forecasts, over the entire economic cycle, “organic growth in turnover of more than 5% on average” as well as a conversion rate of net profit into cash of around 100%. .
Objectives which exclude “major change in the macroeconomic and geopolitical environment”, specified the group.
At the end of October, during the presentation of its third quarter results, Schneider Electric confirmed its 2023 objectives: organic growth in 2023 adjusted Ebita of between 18 and 23%, an organic increase in the adjusted Ebita margin of between 120 and 150 basis points and organic revenue growth of between 11 and 13%.
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