Edition:
United Kingdom

Schneider Electric Q1 Revenues 6.31 Billion Euros, Up 5.9 Percent


Thursday, 18 Apr 2019 

April 18 (Reuters) - SCHNEIDER ELECTRIC SE ::2019 Q1 REVENUES WERE EUR 6,31 BILLION, UP 5.9 PERCENT ORGANICALLY AND UP 8.7 PERCENT ON REPORTED BASIS.2019 TARGET REAFFIRMED.FOR 2019: CHINA REMAINS A GROWTH MARKET IN AGGREGATE THOUGH CONSTRUCTION END-MARKETS COULD MODERATE IN COMING QUARTERS.FOR 2019: IN NORTH AMERICA, THE GROUP ANTICIPATES A CONTINUING FAVORABLE ENVIRONMENT.FOR 2019: OTHER LARGE COUNTRIES IN ASIA PACIFIC CONTINUE GOOD MOMENTUM.FOR 2019: EXPECTS WESTERN EUROPE TO GROW AT A MODERATE PACE.FOR 2019: EXPECTS REST OF WORLD ECONOMIES TO BE CONTRASTED BASED ON COUNTRY.FX IMPACT ON FY 2019 REVENUES IS ESTIMATED TO BE BETWEEN + EUR 300 MILLION AND + EUR 400 MILLION.FX IMPACT ON FY 2019 AT CURRENT RATES ON ADJUSTED EBITA MARGIN COULD BE AROUND -10BPS.