SBGSY - Schneider Electric upgrades FY2020 outlook

Schneider Electric (SBGSY) reports organic revenue growth of 1.3% Y/Y in Q3.As a result of the strong Q3 performance, and factoring the uncertainties for Q4, the company is upgrading FY2020 targets set out in July 2020 and remain committed to 2022 adjusted EBITA margin ambition of around 17%.The company now expects a revenue decline of between 5% to 7% organically from a previously forecast decline of 7% to 10%. The adjusted earnings before interest, taxes and amortization margin is expected to be around 15.1% and 15.4%.Previously: Schneider Electric S.E. reports Q3 results (Oct. 22)

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Schneider Electric upgrades FY2020 outlook