Sourced by TelecomTV's TRACKER platform
from Schneider Electric Press
Stable underlying Q3 performance in a mixed environment thanks to China turning positive and good growth in services
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Revenues of €6.1bn, organic growth of -1.7% and about flat excluding selectivity & working day impacts
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China continued to improve, turning positive in Q3
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Middle East decline impacted Group revenue growth by -1.3pts. New Economies excl. Middle East up +2%
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North America marginally positive, Western Europe about flat, after adjusting for working day impact
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Building continues solid growth outside Middle East & Australia. Infrastructure slightly up before selectivity actions
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Industry performance as expected with renewed growth in China. IT revenues declined, while orders grew
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Services continue to grow mid-single digit driven by Building & IT
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FY 2016 targets reaffirmed
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