Schneider Electric on Thursday reported a 7.7 percent rise in third-quarter sales to 5.7 billion euros ($7.87 billion) and said it was on track to meet its sales growth target for 2011.

The company, however, cut its full-year EBITA margin target to about 14 percent from 15 percent to reflect further restructuring charges and stronger-than-expected inflationary pressure in emerging markets. ($1 = 0.725 Euros)

(Reporting by Elena Berton; Editing by James Regan)