Key Developments: Schneider Electric SE (SCHN.PA)

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Latest Key Developments (Source: Significant Developments)

Schneider Electric maintains FY 2014 targets
Wednesday, 29 Oct 2014 02:27am EDT 

Schneider Electric SE:Maintains FY 2014 target of low single-digit organic growth in revenue.Maintains FY 2014 target of 0.4 pt to 0.8 pt improvement of the adjusted EBITA margin vs. the 2013 pro-forma level of 13.9 pct, excluding the currency impact.Negative currency impact is currently estimated at about 0.4 pt.  Full Article

Areva SA and Schneider Electric Sign R&D cooperation agreement in energy storage
Thursday, 2 Oct 2014 12:06pm EDT 

Areva SA and Schneider Electric:Sign R&D agreement to develop a new energy storage solution, called the flow battery in order to produce and store electricity by combining hydrobromic acid and hydrogen.Project aims to optimize the existing 50 kW flow battery prototype designed by EnStorage to a 150 kW demonstration module.Under the cooperation agreement, both companies will test the flow battery technology under real conditions.AREVA will lead the project, manufacturing, integrating and installing the storage solution while Schneider Electric will design, manufacture and install the complementary power conversion system.  Full Article

Schneider Electric finalizes sale of CST keeping about 30 pct shareholding
Wednesday, 1 Oct 2014 11:47am EDT 

Schneider Electric SE:All required regulatory approvals obtained to finalize sale of Custom Sensors & Technologies (CST) to Carlyle Group and PAI partners SAS.About $100 mln reinvested by company alongside Carlyle, PAI and CST management to own shareholding of about 30 oct of CST.  Full Article

Schneider Electric to supply high voltage equipment for Vestas
Wednesday, 10 Sep 2014 03:51am EDT 

Schneider Electric SE:To supply and maintain high voltage equipment for Vestas France wind turbines.Contract to last three years.  Full Article

Schneider Electric SE acquires Gunsan Elektrik in Turkey
Tuesday, 12 Aug 2014 11:45am EDT 

Schneider Electric SE:Announces that it has signed an agreement to acquire Gunsan Elektrik in Turkey.Says that the transaction is subject t regulatory approvals.  Full Article

Schneider Electric SA confirms FY 2014 guidance-Conference Call
Wednesday, 30 Jul 2014 03:30am EDT 

Schneider Electric SA:Confirms FY 2014 target which is low single-digit organic growth in revenue.An improvement of 0 - 40 to 80 basis points of the adjusted EBITDA margin versus FY 2013 pro forma level of 13.9 pct and excluding the currency impact but as Emmanuel was saying the estimate that most of the currency impact is behind US.Reported revenues 23.551 billion euros for FY 2013.FY 2014 revenue 25.197 billion euros - Thomson Reuters I/B/E/S.  Full Article

Schneider Electric SA changes legal form to Societas Europaea
Thursday, 19 Jun 2014 08:00pm EDT 

Schneider Electric SA:Changes legal form to Societas Europaea (SE).As of June 19 company name is Schneider Electric SE.  Full Article

Schneider Electric finalizes sale of Appliance division to Invensys
Wednesday, 18 Jun 2014 12:00pm EDT 

Schneider Electric SA:Finalizes sale of its Appliance division to Invensys, following approvals form regulatory authorities.Appliance to become Robertshaw Controls Company, subsidiary of Sun European Partners, LLP.Transaction value reaches 150 mln pounds.  Full Article

Schneider Electric reorganizes French factories-Les Echos
Tuesday, 17 Jun 2014 08:00pm EDT 

Schneider Electric SA:Presents plan to reorganize production in France to workers' representatives-Les Echos.Project will affect dozen factories in France and is expected to result in about 200 job cuts.Plan involves shifting some production destined for export from France to areas where products are sold, for example Asia-Pacific and North America.On June 17 workers in Dijon blocked entrances to two sites, Longvic and Dijon Epirey, in protest.  Full Article

Schneider Electric SA's American Power Conversion Corporation to pay damages for patent infringement
Tuesday, 3 Jun 2014 08:00pm EDT 

Server Technology Inc:Awarded damages totaling $10,787,634 in action for patent infringement brought against Schneider Electric SA's American Power Conversion Corporation.Server Technology patents in suit are United States Patent No. 7,043,543 (Vertical-Mount Electrical Power Distribution Plugstrip) issued May 9, 2006, and United States Patent No. 7,702,771 (Electrical Power Distribution Device Having A Current Display) issued April 20, 2010.  Full Article

European shares hold on to small gains ahead of Fed announcement

* FTSEurofirst 300 up 0.3 pct * Fugro tumbles 26 pct after cancelling payout * Total and Schneider up after results By Francesco Canepa LONDON, Oct 29 - European stocks held on to small gains on Wednesday, as optimism ahead of a U.S. Federal Reserve policy announcement outweighed further gloom for the oil exploration industry. Dutch marine services group Fugro sank 26 percent after it warned it would not pay a dividend for 2014 due to deteriorating markets and pri

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