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Schneider Electric H1 profit climbs 16.4% YOY

Schneider Electric SE said its first-half normalized net income came to €1.60 per share, compared with the S&P Capital IQ consensus estimate of €1.77 per share.

EPS increased 18.4% year over year from €1.35.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €893.6 million, an increase of 16.4% from €767.5 million in the prior-year period.

Total revenue climbed year over year to €12.17 billion from €11.74 billion, and total operating expenses rose from the prior-year period to €10.59 billion from €10.27 billion.

Reported net income grew 25.6% from the prior-year period to €1.03 billion, or €1.85 per share, from €823.0 million, or €1.44 per share.