The company said first-half revenue rose 10.2 percent on an organic basis to 10.34 billion euros, in line with analysts’ forecasts, while confirming the company’s previous forecast for full-year organic sales growth of 6 percent to 9 percent.

Earnings before interest, taxes and amortization (EBITA) rose 14 percent to 1.413 billion euros.

Analysts had forecast EBIT of 1.446 billion euros, according to Thomson Reuters I/B/E/S, but it was not immediately clear whether the figures were comparable.

Schneider Chief Executive Jean-Pascale Tricoire earlier told newspaper Les Echos that the company was keeping the 2011 revenue outlook even though the comparison effect with last year’s results would get tougher as the year goes on.

The company now forecasts an EBITA margin of 15 percent before acquisition and integration costs, at the lower end of its previously forecast range.

Raw material prices have weighed particularly on the company’s bottom line, he said. “Their effect has never before been so strong on our results,” he was quoted as saying, adding that at the beginning of the year the company had expected a 250 million euro ($359 million) full-year hit from raw material prices but in the end that was the impact in the first half alone.

For the full year it now sees 400 million euros in additional raw materials costs, he was quoted as saying.

Schneider has been on an extended buying spree in recent months, although the largest potential acquisition, of US security and safety systems maker Tyco International ran aground amid shareholder anxiety.

Schneider, which most recently agreed to buy leading Chinese cleantech player Leader & Harvest Technologies Holdings Ltd, expects to keep making acquisitions going forward, but mostly of a small to medium size, Tricoire was quoted as saying.