PARIS, April 23 Schneider Electric
said on Tuesday that first-quarter sales declined 3.7 percent as
a tough economy in Europe and mixed markets in North America
offset growth in Asia.
The group, whose products help utilities distribute
electricity and which makes automation systems for the car and
water treatment industries, confirmed its full-year targets,
saying that market trends remain in line with its forecasts at
the start of 2013.
Sales in the period declined to 5.2 billion euros ($6.8
billion). They were down 2.7 percent on a like-for-like basis
mainly due to fewer working days, Schneider said.
($1 = 0.7674 euros)
(Reporting by Elena Berton; Editing by Christian Plumb)