Schneider: Stifel maintains TP
(CercleFinance.com) - Stifel reiterates its buy recommendation on the stock, leaving its TP unchanged at E285 following its 2024 results.
Schneider has published its results for FY 2024, with group sales in Q4 up c. 5% on consensus, thanks to strong organic growth in the energy management sector, the broker says.
Group adjusted EBITA for fiscal 2024 is up 2.6% on consensus, thanks to higher-than-expected volume in the energy management sector and continued strong profitability, Stifel adds.
For FY 2025, Schneider forecasts organic growth of 7ù-10% (vs. 7.9%) and an adjusted EBITA margin of 19.2ù-19.5% (vs. 18.8%), which could trigger an increase in the Group's adjusted EBITA consensus for FY 2025 of around c5%.
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