Earnings release
Page 1
Financial Information Life Is On Schneider Electric Q3 2021 : Group revenues up + 9 % organic • Full Year 2021 target confirmed despite supply chain pressures • • • • Record Q3 Group revenues of € 7.2 billion with growth in both businesses and across all regions 。 Energy Management up + 9.4 % organic 。 Industrial Automation up + 6.7 % organic 。 Global supply chain pressures , including shortages in electronics , impacted Q3 revenues , particularly in Industrial Automation Group organic growth : c . + 7 % Sept. YTD vs. 2019 ( c . + 6 % at June YTD ) ○ Top 3 countries for the Group ( U.S. , China and India ) each up double - digit org . vs. Q3 2019 Continued progress on strategic priorities in Q3 : 。 Product sales up + 10 % org . despite challenges in the global supply chain 。 Software & Services up + 7 % org . Good progress on integration of recent acquisitions 。 2021-2025 Schneider Sustainability Impact program progressing well Share Buyback : ~ € 260 million completed since reinstatement in July 2021 ; € 0.6 billion of current program completed cumulatively to - date FY 2021 Target confirmed Rueil - Malmaison ( France ) , October 27 , 2021 - Schneider Electric announced today its third quarter revenues for the period ending September 30 , 2021 . Jean - Pascal Tricoire , Chairman and CEO commented : " We continue to deliver strong revenue growth in Q3 , up double - digit against pre - pandemic levels , reflecting the relevance of our solutions and the high and sustained level of demand in our end - markets . Our EcoStruxure portfolio and our integrated operating model addresses the unique challenges facing our customers , as we partner with them to deploy energy and automation digital solutions for efficiency and sustainability . We take further steps on our own sustainability journey , making good progress toward our Schneider Sustainability Impact 2021-25 targets . We continue to operate in an increasingly constrained supply chain environment , globally , resulting in shortages , and increased input and freight costs , which we continue to manage with our customers and suppliers . Against this backdrop , we confirm our full year targets " . Investor Relations Schneider Electric Amit Bhalla Tel : +44 20 7592 8216 www.se.com ISIN FR0000121972 Press Contact : Schneider Electric Véronique Luneau ( Roquet - Montégon ) Tel +33 ( 0 ) 1 41 29 70 76 Press Contact : DGM Michel Calzaroni Olivier Labesse Tel +33 ( 0 ) 1 40 70 11 89 Page | 1