Edition:
United States

Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

66.10EUR
11:35am EDT
Change (% chg)

€0.44 (+0.67%)
Prev Close
€65.66
Open
€65.50
Day's High
€66.31
Day's Low
€65.16
Volume
1,566,146
Avg. Vol
1,415,624
52-wk High
€74.50
52-wk Low
€56.29

Latest Key Developments (Source: Significant Developments)

Schneider Electric finalizes sale of Telvent DTN
Thursday, 1 Jun 2017 02:14am EDT 

June 1 (Reuters) - Schneider Electric says in a statement::Schneider Electric finalizes sale of Telvent DTN to TBG AG for a total consideration of $900 million.. Formerly consolidated under the Infrastructure business of Schneider Electric, Telvent DTN generated revenues of $213 million in FY2016.. As indicated on April 3, 2017, Schneider Electric intends to use the net proceeds from this transaction in a share buyback program of around 1 billion euros over the next 24 months..  Full Article

Wallix Group announces Schneider Electric chose to include WALLIX ADMINBASTION (WAB) Suite in its catalog of services
Wednesday, 26 Apr 2017 12:15pm EDT 

April 26 (Reuters) - Wallix Group SA ::Schneider ELECTRIC chose to include WALLIX ADMINBASTION (WAB) Suite in its catalog of services.  Full Article

Schneider Electric Q1 revenue rises to 5.84‍​ billion euros
Thursday, 20 Apr 2017 01:45am EDT 

April 20 (Reuters) - Schneider Electric ::Q1 revenue 5.84‍​ billion euros, up 3.1 percent organically.FY 2017 objectives confirmed.UK Q1 revenue was up organically even as group continues to closely monitor the potential impact of Brexit on its operations.Based on current rates, FX impact on FY 2017 revenues is estimated to be around + 400 million euros.In 2017 group will face a strong increase in raw material costs estimated at c. Minus 200 million euros at current prices.  Full Article

Schneider Electric reaches an agreement on the sale of Telvent DTN
Monday, 3 Apr 2017 02:39am EDT 

Schneider Electric : Reaches an agreement on the sale of Telvent DTN . Transaction is based on an enterprise value of circa $900 million . Transaction is expected to close in Q2 2017 . Following closing of transaction, Schneider intends to use net proceeds from this transaction in a share buyback program of around 1 billion euros ($1.07 billion) over a two-year period Further company coverage: [SCHN.PA] ($1 = 0.9372 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Schneider Electric signes MoU with Engie to explore and deploy new digital solutions for operational efficiency of renewable assets
Monday, 27 Feb 2017 05:42am EST 

Schneider Electric : Signed Memorandum of Understanding with Engie to explore and deploy new digital solutions for operational efficiency of renewable assets (wind and solar pv), leveraging Supervisory Control and Data Acquisition (SCADA), historian and related application software powered by Schneider Electric's Wonderware brand .Asset management, SCADA obsolescence management, remote monitoring and diagnostics and cybersecurity in a complex ecosystem will also be investigated as part of agreement.  Full Article

Schneider Electric expecting decision on possible DTN sale during H1
Thursday, 16 Feb 2017 02:20am EST 

Schneider Electric : CFO says company expecting to make decision on possible sale of its agricultural data service unit DTN during H1 . DTN sale has been estimated to be worth $1.5 bln . Possibility of DTN had pushed up Schneider Electric shares in late August 2016 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)).  Full Article

Schneider Electric FY net profit up 24 pct at 1.8 billion euros
Thursday, 16 Feb 2017 02:15am EST 

Schneider Electric : FY net profit 1.8 billion euros ($848.32 million), increased +24 pct and EPS by +26 pct . FY adjusted EBITA 3.48 billion euros, down by 4.4 pct . FY revenues 24.7 billion euros with organic growth of -0.9 pct and slightly positive underlying organic growth . Proposes dividend of 2.04/share euros, up +2 pct . Says will face in 2017 strong increase in raw material costs estimated at about -200 million euros at current prices . Target for 2017: organic revenue growth between +1 pct and +3 pct outside infrastructure .Target for 2017: +20bps to +50bps organic improvement on adjusted EBITA margin.  Full Article

Schneider Electric: Building delivers about +1.5pt organic margin improvement - conf call
Wednesday, 15 Feb 2017 11:30pm EST 

Schneider Electric : Says Building delivers growth and a c.+1.5pt organic margin improvement - conf call . Margin expansion of c.+1.5pts organic, mainly driven by industrial productivity & cost control in building - conf call . Says Infrastructure improves margin by c.+1.3pt organic in difficult markets - conf call Further company coverage: [SCHN.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Schneider Electric anticipates -120 mln euro adjustment in 2016 P&L statement
Monday, 9 Jan 2017 04:38am EST 

Schneider Electric SE : Planned reduction of corporate income tax rate in France will mean an adjustment to profit & loss at end of 2016 of circa 120 million euros ($126.4 million) negative .Rest of tax charge for 2016 should be in line with expectations.  Full Article

Schneider Electric share placement price set at 62.15 euros
Wednesday, 16 Nov 2016 02:29am EST 

: Share placement price set at 62.15 euros/share -SocGen . Price represents discount of 2.6 pct to Schneider Electric's closing share price of 63.82 euros on Nov. 15 . French sovereign fund Bpifrance and Credit Agricole had earlier announced plans on Tuesday to sell a 1.85 percent stake in Schneider Electric through an accelerated book-building with institutional investors. [nFWN1DG0Y4] .Credit Suisse Securities Europe Limited and Societe Generale Corporate & Investment Banking were joint bookrunners in the placement..  Full Article

French and Benelux stocks-Factors to watch on June 1

PARIS, June 1 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.