Schneider Electric reported third-quarter revenue of €9.7bn ($10.23bn), up 4.4% from last year. The company stated that organic growth reached 9%, supported by its two main segments: energy management, which rose by 10%, and industrial automation, which grew by 6%. Final demand from data centres continued to drive performance, amid strong demand linked to digital infrastructure and the recovery of production lines.
Currency effects weigh on overall revenues
The adverse impact of exchange rates totalled -€466mn ($492mn), equivalent to -5% of the quarter’s revenue. This decrease was mainly due to the depreciation of the US dollar, Chinese yuan and Indian rupee against the euro. Despite this monetary pressure, Schneider Electric has not revised its full-year guidance, maintaining its forecast for adjusted earnings before interest, taxes and amortisation (Ebita) organic growth between 10% and 15%.
North American markets lead growth
North America, accounting for 39% of the company’s revenue, posted 14.5% organic growth, driven by investment in power grid infrastructure and sustained demand from data centres. In Western Europe, revenue rose by 5%, while the Asia-Pacific region saw a 6.4% increase. The rest of the world recorded a 5.7% growth.
Growth supported by infrastructure and industry
The recovery of the manufacturing sector also contributed to the group’s performance, particularly in the industrial automation segment. Schneider Electric noted that demand in the building sector remained generally positive, with signs of recovery in the residential market. The company continues to grow across its four end markets, without adjusting its forecasts, despite geopolitical tensions and newly implemented tariff barriers.
Chief Executive Officer Olivier Blum stated that activity remained strong across all regions, adding that investment in energy infrastructure was a key driver of growth.
