Schneider Electric confirms 2025 outlook as data centres drive growth
Revenues were up 8.3% organically to 10.01 billion euros ($11.43 billion). That compared with estimates of 9.99 billion and 7.5% organic growth in a company-compiled consensus. Revenues at its energy management business rose 10% organically.
The company confirmed its implied 2025 adjusted earnings before interest, taxes and amortization (EBITA) margin of between around 18.7% and 19%, compared with an estimate of 18.8%.
The guidance included the impact of trade tariffs enacted or announced to-date, the company said.
The group, which has been benefiting from a shift toward electrification and heavy investment in data centres, said that the overall environment in data center segment continued to be very strong, with sales growing double-digit in the quarter.
It added that it saw good traction for its cooling offers, including for liquid cooling at its recently acquired U.S. company Motivair.
Schneider noted that demand at its non-residential segment remains strong, but its "relatively smaller" residential buildings segment continued to see a decline in demand.
All of its four regions reported growth in the quarter, Schneider said. Revenues in North America, which is its biggest market accounting for 38% of its second-quarter revenue, grew 12.5% organically.
The company has more than 20 factories and distribution centers across the U.S., including facilities in Texas, Ohio, Missouri, North Carolina.
($1 = 0.8758 euros)
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