France’s Schneider Electric plans to buy back €2.5-3.5 billion worth of its own shares by the end of 2030.
The company expects to increase the profitability of its operations amid the development of the artificial intelligence market and growing demand for electrification solutions.
According to a press release from Schneider Electric, the company aims to increase its adjusted EBITA margin by 250 basis points in 2026-2030. Its previous target was to increase this figure by 50 basis points in 2024-2027.
Schneider Electric will seek to “capitalize on opportunities in the areas of electrification, automation, and digitalization,” said its CEO Olivier Blume, whose words are quoted in a press release published ahead of an investor event.
The company forecasts average annual revenue growth of 7-10% through 2030. In addition, it plans to sell assets with proceeds of €1 billion to €1.5 billion during this period.
Schneider Electric is a manufacturer of distribution and protection equipment, automation devices for the energy sector, and other equipment.
Its solutions play an important role in ensuring the operation of data centers.
Schneider Electric shares added 2.5% in price on Thursday trading in Paris. Since the beginning of this year, their value has fallen by less than 1%.
