The company, which specializes in energy management and automation, posted an increase in sales of almost 22 percent to 8.78 billion euros. On an organic basis, the increase was 12 percent.
According to a consensus estimate compiled by Schneider Electric, analysts had expected sales of EUR 8.47 billion.
The third quarter was characterized by continued easing of supply chain bottlenecks, but pressure on electronic components continued.
Sales were recently affected by the withdrawal from Russia. The transfer of Schneider Electric Russia to local management is now complete.
The company confirmed its target for 2022 of achieving organic growth in adjusted earnings before interest, taxes, depreciation and amortization of between 11 and 15 percent with revenue growth of between 9 and 11 percent.
The Schneider Electric share temporarily lost 3.92 percent to EUR 127.36 on the EURONEXT in Paris on Thursday.
By Pierre Bertrand
PARIS (Dow Jones)
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