Schneider Electric Plans €3.5 Billion Buyback in 2030 Strategy

Schneider Electric SE announced a share buyback program of as much as €3.5 billion ($4.1 billion) through 2030 as it targets growing profitability over the next five years, driven by artificial intelligence and electrification.

The French company expects its adjusted earnings before interest, taxes and amortization margin to expand 2.5% cumulatively by 2030 on an organic basis, according to a statement in connection with a Capital Markets Day Thursday. That compares with an ambition of 0.5% growth for the metric in the period from 2024 to 2027.