Schneider Electric cuts margin outlook on market volatility
(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%. 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.