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French electrical equipment manufacturer Schneider Electric said that the performance exceeded expectations, driven by the positive performance of the two major businesses and strong demand in China, and the first-quarter revenue increased by 6.
2%.
Strong demand in China boosts Schneider Electric's first-quarter revenue growth of 6.
2%
Schneider Electric continued its good momentum at the end of 2017 with revenues of €5.
8 billion
from January to March.
Analysts polled by Reuters expect an average quarterly profit of 5.
67 billion euros, achieving organic growth of 3.
61%.
Schneider Electric reiterates its annual forecast for an upper limit of 4%-5% organic growth in adjusted EBIT profit and 3%-5%
organic growth in earnings.
The adjusted EBIT margin can reach the upper end
of the 20-50 basis point range.
，
French electrical equipment manufacturer Schneider Electric said that the performance exceeded expectations, driven by the positive performance of the two major businesses and strong demand in China, and the first-quarter revenue increased by 6.
2%.
Strong demand in China boosts Schneider Electric's first-quarter revenue growth of 6.
2%
2%
Schneider Electric continued its good momentum at the end of 2017 with revenues of €5.
8 billion
from January to March.
Analysts polled by Reuters expect an average quarterly profit of 5.
67 billion euros, achieving organic growth of 3.
61%.
Schneider Electric reiterates its annual forecast for an upper limit of 4%-5% organic growth in adjusted EBIT profit and 3%-5%
organic growth in earnings.
The adjusted EBIT margin can reach the upper end
of the 20-50 basis point range.
，
