Schneider Electric raised its annual target for the second time this year. Previously, data center orders continued to flow in, boosting sales in the third quarter. The French engineering group said on Friday that it aims to achieve endogenous growth of 18% to 21% in adjusted earnings before interest and tax amortization this year, higher than the previous target of 14% to 19% after the July increase. Schneider Electric raised its full-year endogenous revenue growth and profitability forecasts, with endogenous revenue growth currently projected at 12% to 14%. The company anticipates that the adjusted yield before interest, tax and amortization will increase by 1 percentage point to 120 basis points according to the endogenous caliber. The company expects data center demand to remain strong in the fourth quarter; from a full-year perspective, continued pricing momentum will offset the impact of rising raw material prices and tariffs.

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