SCHNEIDER ELECTRIC : Non material data changes

研报英文原文证据摘录

SCHNEIDER ELECTRIC : Non material data changes

EQUITIES

CAPITAL GOODS

OUTPERFORM TARGET PRICE EPS 26e EPS 27eSCHNEIDER ELECTRIC PRICE* EUR274.7  TARGET PRICE EUR305 (UPSIDE 11%) unchanged  -2%  -2%

OUTPERFORM TARGET PRICE EPS 26e EPS 27eSCHNEIDER ELECTRIC ADR PRICE* USD65.6  TARGET PRICE USD72 (UPSIDE 10%) unchanged  -2%  -2%

Non material data changes

We have adjusted our estimates to reflect a revised interest charge.12 MAY 2026

Securities Research Report

Production time: 12:06* (London time) We do not consider the changes to be material; our rating is unchanged.

Research Analysts & Publishing Entities

Jonathan Mounsey

BNP Paribas London Branch

(+44) 207 039 9529

jonathan.mounsey@uk.bnpparibas.com

ESG RATINGS & KEY TOPICS Schneider Electric (+) SBGSY US SU FP Performance(1) 1w 1m 3m 12m

*Closing Price (11 May 2026) USD65.6 EUR274.7 Absolute SU FP (%) 5 6 3 30

Schneider Electric Volume (USDm / EURm) 24.5 265.7 Rel. Capital Goods(%) 1 0 0 (7)

Leader Mkt cap (USDbn / EURbn) 184 154 Rel. MSCI Europe(%) 4 5 3 11

5/5 Climate change Free float (USDbn / EURbn) 181 151 Absolute SBGSY US (%) 8 8 3 37

3/5 Governance EV (USDbn / EURbn) 200 168 Rel. MSCI USA(%) 5 (1) (4) 4

Country / Sub Sector France / Electrical Equipment

Topics scored vs peers from 1 (low) to 5 (high performance)

Financials (SU FP) 12/25 12/26e 12/27e 12/28e Valuation (SU FP) 12/25 12/26e 12/27e 12/28e

EPS, Adjusted (EUR) 7.96 9.80 11.18 12.40 P/E (x) 28.8 28.0 24.6 22.1

EPS, Company (EUR) 8.49 9.92 11.32 12.59 Net yield (%) 1.8 1.6 1.6 1.7

EPS - Bloomberg (EUR) 8.60 9.78 11.39 13.06 FCF yield (%) 3.0 2.8 3.3 3.8

Net dividend (EUR) 4.20 4.41 4.41 4.63 EV/Sales (x) 3.6 3.9 3.5 3.2

EV/EBITDA (x) 17.8 18.7 16.6 14.9

Sales (EURm) 40,152 43,388 46,796 50,039 EV/EBITA (x) 20.2 21.0 18.6 16.5

EBITA, Adj.