By Cristina Roca 
 

Schneider Electric SE on Tuesday set targets for the 2022-24 period ahead of the start of its capital markets day.

The French energy-management and automation specialist said it will target 5%-8% organic revenue growth on average for the period, and that it expects to have free cash flow of about 4 billion euros ($4.52 billion) by 2024.

Schneider will also aim for a yearly organic improvement of between 30 and 70 basis points to its adjusted earnings before interest, tax and amortization margin for 2022-24.

The company said its longer-term ambition is to grow revenue organically by 5% or more on average across the economic cycle, and that it sees opportunity to further expand its adjusted Ebita margin and free cash flow beyond 2024.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

November 30, 2021 03:02 ET (08:02 GMT)

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