The astonishing euphoria of the French industry giants

by time news

2023-07-27 19:05:55

An LNG carrier transporting liquefied natural gas is parked near a TotalEnergies gas complex. Total Energy

ANALYSIS – Most of the jewels of the CAC 40 show an increase in their turnover and their margin in the first half and raise their annual objectives, despite a still uncertain and complex macroeconomic and geopolitical environment.

This is a progression worthy of a start-up. Over the first six months of the year, Schneider Electric’s sales in North America soared 23.2%, in organic growth. Almost all markets are driving this growth, from residential housing, which is recovering, to non-residential buildings, driven by renovation, but also the infrastructure and data center segment. The North America region represents 34% of the energy management specialist’s activity, making it its largest market. While the other geographic segments are not showing as much dynamism, they are still posting good growth, with increases of 13.5% in Western Europe and 7.6% in Asia-Pacific. Overall, Schneider’s turnover increased by 15.3% over the first six of the year, to 17.6 billion euros.

The performance of the group is exceptional. But what is even more striking is that several…

This article is for subscribers only. You have 84% left to discover.

Want to read more?

Unlock all items immediately.

Already subscribed? Login

#astonishing #euphoria #French #industry #giants

You may also like

Leave a Comment