Latest news with #OlivierBlum
Yahoo
28-04-2025
- Business
- Yahoo
Schneider Electric cuts margin outlook on market volatility
By Anna Peverieri (Reuters) -Electrical equipment maker Schneider Electric cut its 2025 implied core profit margin outlook on Monday due to market volatility, after its sales missed market expectations in the first quarter. Schneider Electric, which develops AI-related data centre cooling systems, now sees 2025 adjusted earnings before interest, taxes and amortization (EBITA) margin of between 18.7% and 19%, compared to its previous core profit margin expectation of between 19.2% and 19.5%. "Recent macroeconomic and geopolitical developments have added a layer of uncertainty across all markets, including those we operate in, but we are confident in our structural growth drivers," CEO Olivier Blum said in a statement. The statement did not mention the impact of U.S. President Donald Trump's tariffs where a lack of certainty created by their on-again-off-again nature has roiled global markets, destabilised the United States' trading partners and left companies reassessing their operations. Swiss industrial robot maker ABB also acknowledged increased uncertainty in the global business environment when it announced its first quarter results on April 17. Schneider Electric maintained its 2025 outlook of organic revenue growth of 7% to 10% and its EBITA margin rising organically by 50-80 basis points. It reported a 7.4% organic rise in its quarterly sales to 9.33 billion euros ($11 billion), missing analysts' consensus of 9.47 billion euros and revenue growth of 8.9% in a survey provided by the company. Sales in the first quarter were hit by declining revenue in its industrial automation business and softness in the residential buildings market, the group said. However, Schneider Electric added that its Systems division revenue grew 21% organically in the first quarter, driven by strong traction in the data centre end-market. ($1 = 0.8790 euros)
Reuters
28-04-2025
- Business
- Reuters
Schneider Electric cuts margin outlook on market volatility
April 28 (Reuters) - Electrical equipment maker Schneider Electric ( opens new tab cut its 2025 implied core profit margin outlook on Monday due to market volatility, after its sales missed market expectations in the first quarter. Schneider Electric, which develops AI-related data centre cooling systems, now sees 2025 adjusted earnings before interest, taxes and amortization (EBITA) margin of between 18.7% and 19%, compared to its previous core profit margin expectation of between 19.2% and 19.5%. "Recent macroeconomic and geopolitical developments have added a layer of uncertainty across all markets, including those we operate in, but we are confident in our structural growth drivers," CEO Olivier Blum said in a statement. The statement did not mention the impact of U.S. President Donald Trump's tariffs where a lack of certainty created by their on-again-off-again nature has roiled global markets, destabilised the United States' trading partners and left companies reassessing their operations. Swiss industrial robot maker ABB (ABBN.S), opens new tab also acknowledged increased uncertainty in the global business environment when it announced its first quarter results on April 17. Schneider Electric maintained its 2025 outlook of organic revenue growth of 7% to 10% and its EBITA margin rising organically by 50-80 basis points. It reported a 7.4% organic rise in its quarterly sales to 9.33 billion euros ($11 billion), missing analysts' consensus of 9.47 billion euros and revenue growth of 8.9% in a survey provided by the company. Sales in the first quarter were hit by declining revenue in its industrial automation business and softness in the residential buildings market, the group said. However, Schneider Electric added that its Systems division revenue grew 21% organically in the first quarter, driven by strong traction in the data centre end-market. ($1 = 0.8790 euros)
Trade Arabia
03-04-2025
- Business
- Trade Arabia
Aveva seals strategic partnerships at flagship US event
Aveva, a global leader in industrial software, driving digital transformation and sustainability, is announcing multiple new partnerships at its flagship event, Aveva World. Taking place this year in San Francisco, Aveva is partnering with data analytics group Databricks and cutting-edge material tracking and mobility solution provider Track'em to revolutionise industrial operations with a secure and open approach to data and AI. The strategic partnership with Track'em is aimed at helping deliver real time visibility and cost control in capital projects. Hosted from April 8 to 10, the three-day conference features over 160 global speakers including Stanford Professor Erik Brynjolfsson, CEO of Schneider Electric, Olivier Blum, and CEO of Archaea Energy, Starlee Sykes, as well as many other business leaders. The event includes over 150 breakout sessions across 12 industries, discussing how industrial intelligence is enabling companies to analyse, visualise, and contextualise their data to improve decision-making, build resilience, and enhance sustainability across the enterprise. Additionally, Aveva will be unveiling new portfolio capabilities as it looks to tackle pressing industry challenges within artificial intelligence, energy transition and digital transformation. Through innovations within generative AI for piping design, Aveva is accelerating design productivity, reducing project set-up time by 70%, and cutting installed costs by 15%. Aveva is also empowering users with AI-powered tools on the Connect platform, enabling smarter processing and summarising of large datasets, while boosting multi-site visibility with hybrid operations control. With seamless industrial AI deployment across the entire lifecycle, Aveva helps businesses minimise risk, maximise outcomes, improve energy management and rapidly drive value with greater speed and efficiency. "Aveva World 2025 will bring together customers and partners to discuss how radical collaboration can unlock innovation and drive sustainable value," remarked Rob McGreevy, the Chief Product Officer, Aveva. "Ahead of this year's event, we are announcing partnerships with Databricks and Track'em, demonstrating how working with experts in their respective fields further strengthens our product offerings and drives additional value for our customers," he stated. "By combining real-time tracking with digital project execution, Aveva and Track'em are paving the way for a smarter, more efficient, and cost-effective future in capital projects. Our partnership with Databricks can help bridge the gap between IT and OT through Artificial Intelligence (AI); unlocking new potential for data-driven decision-making," he added.
Tahawul Tech
03-04-2025
- Business
- Tahawul Tech
AVEVA announces strategic partnerships at flagship event AVEVA World in San Francisco
AVEVA, a global leader in industrial software, driving digital transformation and sustainability, is announcing multiple new partnerships at its flagship event, AVEVA World. Taking place this year in San Francisco, AVEVA is partnering with Databricks to revolutionise industrial operations with a secure and open approach to data and AI. AVEVA is also announcing a strategic partnership with Track'em, a cutting-edge material tracking and mobility solution provider, to deliver real time visibility and cost control in capital projects. Hosted from 8-10th April, the three-day conference will feature over 160 global speakers including Stanford Professor Erik Brynjolfsson, CEO of Schneider Electric, Olivier Blum, and CEO of Archaea Energy, Starlee Sykes, as well as many other business leaders. The event includes over 150 breakout sessions across 12 industries, discussing how industrial intelligence is enabling companies to analyse, visualise, and contextualise their data to improve decision-making, build resilience, and enhance sustainability across the enterprise. Additionally, AVEVA will be unveiling new portfolio capabilities as it looks to tackle pressing industry challenges within artificial intelligence, energy transition and digital transformation. Through innovations within generative AI for piping design, AVEVA is accelerating design productivity, reducing project set-up time by 70%, and cutting installed costs by 15%. AVEVA is also empowering users with AI-powered tools on the CONNECT platform, enabling smarter processing and summarising of large datasets, while boosting multi-site visibility with hybrid operations control. With seamless industrial AI deployment across the entire lifecycle, AVEVA helps businesses minimise risk, maximise outcomes, improve energy management and rapidly drive value with greater speed and efficiency. 'AVEVA World 2025 will bring together customers and partners to discuss how radical collaboration can unlock innovation and drive sustainable value. Ahead of this year's event, we are announcing partnerships with Databricks and Track'em, demonstrating how working with experts in their respective fields further strengthens our product offerings and drives additional value for our customers. By combining real-time tracking with digital project execution, AVEVA and Track'em are paving the way for a smarter, more efficient, and cost-effective future in capital projects. Our partnership with Databricks can help bridge the gap between IT and OT through Artificial Intelligence (AI); unlocking new potential for data-driven decision-making' said Rob McGreevy, Chief Product Officer, AVEVA. AVEVA's transformational collaboration with Databricks integrates CONNECT, AVEVA's industrial intelligence platform, with Databricks' Data Intelligence Platform, unifying industrial and enterprise data. It empowers businesses to leverage AI, predictive capabilities, and Generative AI applications, driving faster insights, optimised efficiency, advanced forecasting, and accelerated digital transformation — all through unified and secure data across major cloud platforms. This collaboration will drive sustainable, data-driven growth in an increasingly interconnected world. 'As demand for data intelligence grows, we're excited to partner with AVEVA to deliver a solution that enhances organisations' ability to collaborate, seamlessly share data across platforms, clouds, and regions, and navigate the complexity of custom solutions', said Shiv Trisal, Global Manufacturing, Transportation and Energy Leader, Databricks. 'Together, we are empowering customers to extract maximum value from their data while ensuring secure data governance at scale, driving innovation across industrial operations'. AVEVA is also collaborating with Track'em, to bring significant enhancements to AVEVA™ Enterprise Resource Management (ERM) capabilities. This will include real-time material tracking and traceability, mobility reintroduction, future warehouse management capabilities and cloud-only solutions. This partnership will expand the capabilities of AVEVA ERM to both new and existing clients, strengthening supply chain visibility, procurement, and project execution. 'Our mission is to eliminate inefficiencies in construction and capital projects', said Track'em Founder and CEO Kashif Saleem. 'Partnering with AVEVA strengthens our ability to provide customers with real-time tracking and enhanced decision-making, reducing delays and cost overruns'. For further details please visit here. Image Credit: AVEVA
Hi Dubai
04-03-2025
- Business
- Hi Dubai
Schneider Electric Joins UAE's NextGen FDI Initiative to Boost Climate-Tech Startups
The Ministry of Economy has announced Schneider Electric as the latest strategic partner in its NextGen FDI initiative, aimed at attracting global companies to the UAE. The collaboration will focus on nurturing high-potential startups in sustainability and climate-tech sectors, reinforcing the UAE's commitment to innovation and environmental goals. As part of the partnership, Schneider Electric will provide mentorship, resources, and networking opportunities to startups under the NextGen FDI programme. The company will also introduce its own portfolio of climate-tech, industrial AI, mobility, prop-tech, and cybersecurity companies to the UAE, fostering knowledge exchange and market expansion. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, emphasized the partnership's role in supporting the UAE's net-zero ambitions. 'This collaboration empowers climate-tech startups with the tools and expertise to scale, aligning with the UAE's vision for sustainability and energy-efficient infrastructure,' he stated. Olivier Blum, CEO of Schneider Electric, highlighted the importance of digitalisation and electrification in driving sustainable development. 'Our partnership will accelerate the UAE's energy transition and strengthen its position as a global hub for innovation,' he said. Launched in 2022, the NextGen FDI initiative is a cornerstone of the UAE's economic diversification strategy, already attracting over 20 companies in AI, renewable energy, robotics, and advanced manufacturing. The alliance with Schneider Electric marks another step in fostering a knowledge-based, sustainable economy in the region. News Source: Emirates News Agency
