Bulletin: Schneider Solidifies Credit Profile On Continued Strong Growth Despite Market Challenges

Madrid (S&P Global Ratings) Nov. 5, 2021--S&P Global Ratings said today that France-based Schneider Electric S.E. (A-/Stable/A-2) has strengthened its credit quality on the back of accelerated growth and strong demand in its business segments and geographies. In the first nine of months of 2021 in particular, the group's performance withstood the impact of macroeconomic uncertainties, the resumed share-buyback program, and acquisition-related payouts of €4 billion. Schneider's sales grew 15.1% to €21 billion in the first nine months of 2021, surpassing results for the same period in 2019 by 7% in organic growth. Schneider has confirmed its guidance for the full 2021 of 11%-13% organic growth and 19%-24% organic growth of adjusted EBITA, even considering industry-wide challenges from supply-chain pressure,

...November 5, 2021 Madrid (S&P Global Ratings) Nov. 5, 2021--S&P Global Ratings said today that France-based Schneider Electric S.E. (A-/Stable/A-2) has strengthened its credit quality on the back of accelerated growth and strong demand in its business segments and geographies. In the first nine of months of 2021 in particular, the group's performance withstood the impact of macroeconomic uncertainties, the resumed share-buyback program, and acquisition-related payouts of 4 billion. Schneider's sales grew 15.1% to 21 billion in the first nine months of 2021, surpassing results for the same period in 2019 by 7% in organic growth. Schneider has confirmed its guidance for the full 2021 of 11%-13% organic growth and 19%-24% organic growth of adjusted EBITA, even considering industry-wide challenges from supply-chain pressure, component shortages, and escalating input prices. We expect the group's operating performance to continue this solid trajectory in the fourth quarter and into 2022, benefiting...

Bulletin