Schneider Electric reported a 10.9% growth in EBITDA in 2Q 2019, with CFO Emmanuel Babeau stating that there are lots of areas of growth for the electrical equipment maker “even with uncertainties linked to the trade war between China and the U.S.” Many other capital goods companies have seen falling demand or prices as a result of tariffs. Yet, Schneider’s U.S. seaborne imports bear out Babeau’s optimism with a 9.4% year over year rise in 2Q including a 5.7% increase from China. There has been a rearrangement in shipments from China though, with imports of fuses and switches down 23.7% ...
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