2024 Full Year Results
- FY24 revenues up +8% organic to €38 billion, an all-time high.
- Energy Management up +12% organic.
- Industrial Automation down -4% organic.
- Q4’24 revenues up +12% organic to €11 billion.
- Energy Management up double-digit, Industrial Automation returns to growth.
- All four regions contribute to growth, led by North America & Rest of the World.
- FY24 Adj. EBITA €7.1 billion, up +14% organic.
- Adj. EBITA Margin 18.6%, up +90bps organic.
- Net Income €4.3 billion, up +7%.
- Free Cash Flow €4.2 billion; Cash Conversion1 at 99%.
- Progressive dividend2 at €3.90/share, up +11%.
- Ranked as the world’s most sustainable company in Corporate Knights Global 100.
- Schneider Sustainability Impact - score of 7.55 vs. target of 7.40.
- FY25 Target: Adj. EBITA org. growth between +10% to +15%, driven by +7% to +10% org. revenue growth and +50bps to +80bps org. Adj. EBITA margin improvement.
1. Conversion of FCF / Net Income (Group share).
2. Subject to Shareholder approval on May 7, 2025
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Olivier Blum
Chief Executive Officer
“I am pleased to report very strong financial and extra-financial results in 2024 and I am proud to share that we have been recognized as the World's most sustainable corporation by Corporate Knights for the second time, by driving value for our customers, employees and our shareholders through sustainable practices.
We had a strong finish to 2024 with an acceleration of both businesses in the 4th quarter - a true testament to our focused execution and collaboration across the whole Group. We delivered Free Cash Flow above €4bn for the second consecutive year, while we also exceeded our Schneider Sustainability Impact targets. We continue our strong focus on shareholder return as we propose a dividend of €3.90 per share, marking 15 years of a progressive dividend.
Looking ahead, we remain committed to accelerating growth and will strive to capture the unique opportunities ahead of us in all of our four end-markets. We are entering 2025 with strong momentum and are targeting organic adjusted EBITA growth of +10% to +15%, supported by robust revenue growth and margin expansion. This positions us firmly on track to achieve our 2027 ambitions.”
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