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Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

7 Dec 2016
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€0.68 (+1.06%)
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Latest Key Developments (Source: Significant Developments)

Awox says chosen by Schneider Electric
Monday, 5 Dec 2016 01:36am EST 

Awox SA : Says chosen by Schneider Electric .Order is for range connected switches "Wiser Odace Lighting".  Full Article

BPI France, Credit Agricole launch sale of 1.85 percent of Schneider Capital - SocGen
Tuesday, 15 Nov 2016 10:27am EST 

Schneider Electric SE : BPI France, Credit Agricole launch sale of 1.85 percent of Schneider Capital . Sale is by way of an accelerated bookbuilt offering with institutional investors Further company coverage: [SCHN.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Schneider Electric targets organic growth of 3 pct over next 3 yrs
Thursday, 27 Oct 2016 01:49am EDT 

Schneider Electric SE : Targeting average organic growth of around 3% over the next 3 years, excluding infrastructure . A targeted +20bps-50bps average organic improvement in adjusted EBITA margin over the next 3 years driven by organic top line growth . Infrastructure business: "rebound" plan is aimed at bringing the adjusted EBITA margin of the division to a "10% to mid-teen" level across the economic cycle .Group is targeting strong growth in underlying EPS over the next 3 years on account of solid organic growth in adjusted EBITA, lower cost of financing, and share buyback program.  Full Article

Schneider Electric Q3 revenue down 1.7 pct
Thursday, 27 Oct 2016 01:30am EDT 

Schneider Electric SE : Reports Q3 revenue of 6.06 billion euros, down 1.7 percent organically . FY 2016 targets reaffirmed . China continued to improve, turning positive in Q3 .Based on current rates, negative FX impact on fy revenues is now estimated to be about 0.8 billion euros negative, due to strengthening of euro against several currencies.  Full Article

Schneider Electric overal cost savings target 2015-2017 enhanced to EUR 1.7-1.8 bln
Thursday, 27 Oct 2016 01:30am EDT 

Schneider Electric SE : Is increasing support function cost savings targetfor 2015-17 to 700-800 million euros ($763-872 million) . Results in overall cost savings target for group for 2015-2017 being enhanced to 1.7-1.8 billion euros . Restructuring charges to generate cost-savings are expected to be around 900 million euros over 2015-2017 . Group reaffirms its progressive dividend policy with a 50 pct payout from net income .Group confirms its current share buyback program of 1.5 billion euros over 2015-2016.  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

FCA restores Aveva's shares after announcement by company
Wednesday, 15 Jun 2016 02:36am EDT 

Official List: Restoration .FCA restores Aveva Group Plc to official list effective from 15/06/2016 7:30 am following release of an announcement.  Full Article

Aveva Group says terminates talks with Schneider Electric
Wednesday, 15 Jun 2016 02:00am EDT 

Aveva Group Plc : Termination of discussions with Schneider Electric SE .Aveva has applied to UKLA for suspension of its shares to be lifted.  Full Article

Aveva says in talks with Schneider Electric
Monday, 13 Jun 2016 09:12am EDT 

Aveva Group Plc : Statement re press speculation . Notes today's press speculation and confirms that it has received a revised, conditional proposal from Schneider Electric SE . Similar to previous discussions that took place between parties last year, proposal also includes a significant cash payment from Schneider Electric to Aveva . Board of Aveva is currently in preliminary discussions with schneider electric regarding merits of such a transaction and its terms . Such a transaction, if completed, would constitute a reverse takeover under listing rules .Proposed transaction, if consummated, would result in Schneider Electric owning a majority equity stake in enlarged Aveva, which is intended to remain listed on LSE.  Full Article

BRIEF-Schneider Electric share placement price set at 62.15 euros

* Price represents discount of 2.6 pct to Schneider Electric's closing share price of 63.82 euros on Nov. 15