Double-Digit Growth in Energy Management

Schneider Electric announced double-digit growth. This was in its energy management business. A strong data center pipeline drove this growth. It happened in the first half of the year. The French group is well-positioned. It can seize new opportunities. This is despite heightened uncertainty.

North America Leads the Way

Energy management sales grew organically by 10%. This reached 15.90 billion euros. North America led all regions. It saw 15% reported growth. The company's cooling offers are popular. This includes traditional and liquid cooling.

North America makes up 38% of revenue. Continuing data center trends are a factor. They drove strong double-digit growth. This was in both systems and services. Competitor Legrand also saw a sales increase. Its sales rose by 13.4%. Data center demand drove its growth, too.

European Market Shows Caution

All regions contributed to growth. However, European revenue was weaker. It rose by only 2.1%. Executives remain cautiously optimistic. This is about data center development in Europe.

Industrial Automation Declines

Schneider's industrial automation business struggled. Organic sales dropped by 1%.

Financial Results Beat Expectations

Investors were concerned about a miss. They worried about growth and margins. This did not happen. The company achieved record revenue levels. Adjusted earnings were also a record. Revenue was 19.34 billion euros. This was a 6.4% increase. It beat analyst expectations. Adjusted Ebita rose by 3.8%. It reached 3.51 billion euros. It slightly beat estimates.