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Schneider Electric SE (SCHN.PA)

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Latest Key Developments (Source: Significant Developments)

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

Tokyo Electric Power Co's unit parnters with Energy Pool Developpement - Nikkei
Monday, 14 Nov 2016 05:09pm EST 

Nikkei: Tokyo Electric Power Co's unit is partnering with Energy Pool Developpement, unit of Schneider Electric -Nikkei .Under partnership with Schneider's unit, participating plants will be financially compensated by Tepco for costs connected to production cuts - Nikkei.  Full Article

Schneider electric sees Q4 selectivity impact of around 130 million euros - conf call
Thursday, 27 Oct 2016 04:22am EDT 

Schneider Electric : Sees selectivity impact at around 130 million euros ($141.78 million) for Q4 - conference call .Says it is set for a year of difficulty in the Middle East - conference call.  Full Article

SFC Energy extends sales and service agreement of unit Simark Controls Ltd.
Thursday, 14 Jul 2016 10:54am EDT 

SFC Energy AG : Announces the extension of the current sales and service agreement of their Canadian subsidiary Simark Controls Ltd. with Schneider Electric to include Eastern Canada .In the context of the agreement, Simark controls will now sell Schneider Electric’S telemetry & remote scada solution (TRSS) products across Canada.  Full Article

Aveva shares fall 17 pct at open as co ends talks with Schneider Electric
Wednesday, 15 Jun 2016 03:16am EDT 

: Aveva shares open 17 pct down after co terminates talks with Schneider Electric SE Further company coverage: [SCHN.PA][AVV.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

More From Around the Web

German SGB in talks to merge with Schneider Electric unit-sources

FRANKFURT/PARIS Germany's SGB-SMIT is in talks to merge with the power transformer unit of French electrical components maker Schneider Electric , two people familiar with the plans told Reuters.