Schneider Electric announced its financial and non-financial results for 2023.
In 2023, the company’s total revenues increased organically by 13 percent to 36 billion euros. During this period, the company’s net revenues increased by 15 percent to €4 billion, while annual adjusted EBITDA reached €6.4 billion, up 25 percent organically.
The company increased its free cash flow by 38 percent to 4.6 billion euros. The company also completed its sustainability commitments in 2023 with a performance above its targets.
According to the Schneider Sustainability Impact assessment, the company continued to work for the well-being of its stakeholders and the planet with a performance of 6.13, 0.13 points above the target.
‘Record development continued’
Schneider Electric CEO Peter Herweck stated that they aim to maintain their strong performance in 2024 and said, “In 2023, our company continued to show record growth and development. The company achieved a new record of success with 13 percent organic growth in revenues, excellent organic margin development, high free cash flow and strong net income growth.”
Underlining that they started the year with the goal of maintaining this high performance in 2024, Herweck said, “2024 will be the first step of a 4-year strategy that we call ‘New Horizons’ and focus on sustainable growth and development.”
