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Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

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18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Schneider Electric CFO expects improvement in economic environment to continue in H2 ‍​
Thursday, 27 Jul 2017 02:40am EDT 

July 27 (Reuters) - SCHNEIDER ELECTRIC ::OBSERVES GLOBALLY AN IMPROVEMENT OF THE ECONOMIC ENVIRONMENT, EXPECTS TO SEE THIS IMPROVEMENT CONTINUE IN H2 - CFO‍​.THE PART OF THE INFRASTRUCTURE BUSINESS WHICH WILL BE THE SUBJECT OF A STRATEGIC REVIEW EMPLOYS SEVERAL THOUSAND PEOPLE ACROSS THE WORLD - CFO‍​.DOES NOT FAVOUR ONE OPTION MORE THAN ANOTHER FOR INFRASTRUCTURE BUSINESS, ALL OPTIONS ARE OPEN - CFO‍​.  Full Article

Schneider Electric acquires ASCO Power Technologies‍​
Thursday, 27 Jul 2017 02:16am EDT 

July 27 (Reuters) - SCHNEIDER ELECTRIC ::ACQUISITION OF ASCO POWER TECHNOLOGIES‍​.TO ACQUIRE ASCO POWER TECHNOLOGIES (”ASCO”), A LEADER IN THE AUTOMATIC TRANSFER SWITCH (“ATS”) MARKET FOR A CONSIDERATION OF $1,250M.  Full Article

Schneider Electric raises its FY guidance
Thursday, 27 Jul 2017 01:42am EDT 

July 27 (Reuters) - SCHNEIDER ELECTRIC ::H1 NET PROFIT GROUP SHARE EUR ‍​958 MILLION VERSUS EUR 809 MILLION YEAR AGO.H1 ADJUSTED EBITA EUR 1.72 BILLION VERSUS EUR 1.59 BILLION YEAR AGO.H1 REVENUE EUR ‍​12.17 BILLION VERSUS EUR 11.74 BILLION YEAR AGO.H1 GROSS MARGIN ‍​38.7% VERSUS 38.5% YEAR AGO.FOLLOWING THIS STRONG H1 PERFORMANCE, WE RAISE OUR OBJECTIVES FOR 2017-CEO.EXPECTS FY17 ORGANIC REVENUE GROWTH BETWEEN +3% AND +4% FOR THE GROUP OUTSIDE INFRASTRUCTURE.SELECTIVITY FOR INFRASTRUCTURE IS EXPECTED TO END IN 2017 WITH EXPECTED IMPACT OF C. -4% ON REVENUE FOR YEAR.OUTSIDE OF SELECTIVITY, GROUP EXPECTS PERFORMANCE FOR INFRASTRUCTURE DIVISION TO BE LOW SINGLE-DIGIT ORGANIC GROWTH.FOR 2017, TARGETS UPPER END OF ITS INITIAL +20 TO +50 BPS TARGET RANGE FOR THE ORGANIC ADJUSTED EBITA MARGIN IMPROVEMENT.THE FX IMPACT IS NOW EXPECTED TO BE -10 TO -20 BPS ON THE ADJUSTED EBITA MARGIN FOR THE YEAR.  Full Article

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

CORRECTED-UPDATE 2-Schneider Electric expands in North America with Asco deal, raises revenue target (July 27)

July 27 French electrical component and energy management group Schneider Electric said on Thursday it was buying automatic transfer switch (ATS) maker Asco Power Technologies for $1.25 billion and raising its full-year revenue target.