2023 Q3 Revenues
- Group revenues reach €8.8 billion, up +12% organic; an all-time high for Q3
- Energy Management up double-digit organic
- Industrial Automation up mid-single digit organic
- North America and Rest of the World up double-digit; all four regions grew, supported by dynamic demand in most end-markets
- Focus on strategic priorities continues to deliver
- Strong ARR growth at AVEVA
- Services up double-digit organic
- Continued progress on Schneider Sustainability Impact
- 2023 Target reaffirmed
- Capital Markets Day to be held on November 9 in London
Latest webcast
Peter Herweck
CEO
“We continue to deliver strong revenue growth in Q3, up +12% organic, with increased focus on execution and prioritization. As expected, we continue to see strong demand dynamics across segments and geographies, notably in Data Centers where AI-related demand is becoming visible and in energy transition-related investments. This resulted in further growth of Group backlog in Q3, despite weaker demand trends in discrete automation. Our software, services, and systems offers provide added resilience and have been growing very strongly across geographies as we partner with our customers on their electrification, digitization, and decarbonization journeys. We reaffirm our FY 2023 financial target.
I’m excited to have the opportunity to engage with you at our upcoming Capital Markets Day, where I will share more on our strategy and outlook.”
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