On the occasion of its half-yearly publication, Schneider Electric has slightly raised its 2024 target to organic growth in adjusted EBITA of between 9% and 13%, based on a margin assumption now of around 18.1% to 18.3%.

For the first half of the year, the industrial group posted adjusted net income (group share) up 10% to 2.24 billion euros, with an adjusted EBITA margin of 18.6%, an organic increase of 100 basis points.

Half-year sales totaled 18.2 billion euros, up 6% organically. In the second quarter alone, organic growth reached +7%, including +10% in energy management but -4% in industrial automation.

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