2016 third quarter revenues

Via Schneider Electric Press

Oct 27, 2016

Stable underlying Q3 performance in a mixed environment thanks to China turning positive and good growth in services

  • Revenues of €6.1bn, organic growth of -1.7% and about flat excluding selectivity & working day impacts

  • China continued to improve, turning positive in Q3

  • Middle East decline impacted Group revenue growth by -1.3pts. New Economies excl. Middle East up +2%

  • North America marginally positive, Western Europe about flat, after adjusting for working day impact

  • Building continues solid growth outside Middle East & Australia. Infrastructure slightly up before selectivity actions

  • Industry performance as expected with renewed growth in China. IT revenues declined, while orders grew

  • Services continue to grow mid-single digit driven by Building & IT

  • FY 2016 targets reaffirmed

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