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Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

23 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Moody's- EMEA manufacturing profits to grow by up to 8%
Wednesday, 8 Jun 2016 04:49am EDT 

Moody's : Emea Manafacturing profits to grow by up to 8% as restructuring and cost-cutting pay off . Forecasts operating profitability growth for EMEA manufacturers of nearly 8% in 2016 and 5% in 2017 . Changed its outlook on the EMEA manufacturing sector to stable from negative, reflecting companies' higher operating profits . Weaker economic growth prospects in emerging markets pose a downside risk to companies in the short term . Slowdown in chinese growth could cause sales, revenues to decline for EMEA manufacturing in near term owing to declining chinese demand .Expects that emerging markets' growth will stabilise into 2017.  Full Article

Schneider Electric confirms 2016 targets
Thursday, 21 Apr 2016 01:30am EDT 

Schneider Electric SE:Confirms 2016 targets: organic revenue growth to be flat to down low single-digit, and +20bps to +60bps improvement on adjusted EBITA margin before FX.  Full Article

Schneider Electric gives FY 2016 outlook above analysts' estimates
Wednesday, 17 Feb 2016 01:51am EST 

Schneider Electric SE:Sees FY 2016 organic revenue growth to be flat to down low single-digit.FY 2015 revenue 26,640 mln euros, FY 2015 revenue 26,459 million euros - Thomson Reuters I/B/E/S.  Full Article

Schneider Electric and AVEVA terminate discussion
Tuesday, 15 Dec 2015 02:15am EST 

Schneider Electric SE:Announces termination of discussions between Schneider Electric and AVEVA Group PLC.  Full Article

Schneider Electric reaches agreement to sell its transportation business
Monday, 14 Dec 2015 02:45am EST 

Schneider Electric SE:Reaches an agreement to sell its transportation business to Kapsch Trafficcom.Terms of agreement reflect a purchase price of about 35 million euros on a cash-free, debt-free basis.Transaction would generate a capital loss/impairment of about 100 million euros.  Full Article

Schneider Electric finalizes sale of Juno Lighting
Friday, 11 Dec 2015 02:38am EST 

Schneider Electric SE:Announces it has obtained all required regulatory approvals and subsequently finalized the sale of Juno to Acuity Brands for consideration of about $385 mln (about 350 mln euros).Says transaction will generate capital loss of up to $300 mln (about 270 mln euros).Such loss will be excluded from basis of calculation for Schneider Electric's 2015 dividend.  Full Article

Schneider Electric connects rural weather stations in U.S.
Thursday, 3 Dec 2015 07:00pm EST 

Schneider Electric SE:Says it is connecting more than 4,000 disparate rural area weather stations in the U.S.  Full Article

Schneider Electric and Icade sign energy-management partnership
Thursday, 3 Dec 2015 12:51pm EST 

Icade SA:Schneider Electric and Icade sign partnership agreement concerning energy management for commercial buildings, health and connected housing.Collaboration will allow Schneider Electric, through its Aveltys unit, and Icade to offer common services which aim to improve energy performance.  Full Article

Schneider Electric's 200 million euro climate bond successfully launched
Monday, 9 Nov 2015 02:37am EST 

Schneider Electric SE:Successfully launches its first climate bond with AXA IM, Mirova and Neuflize Obc Investissements.Says climate bond was launched in October, raising 200 million euros with 10-year maturity and coupon of 1.841 pct.Objective of this bond issue is to finance Schneider Electric's research and development programs dedicated to technologies.  Full Article

Schneider Electric to sell Juno Lighting to Acuity Brands
Friday, 30 Oct 2015 03:30am EDT 

Schneider Electric SE:Schneider Electric reaches an agreement to sell Juno Lighting to Acuity Brands.Terms of agreement reflect a cash purchase price totaling approximately $385 million (about 350 million euros), implying a multiple of c. 12.0x Juno's EBITDA 2014.Transaction would generate a capital loss/ impairment of up to $300 million (about 270 million euros).Such loss/impairment would be excluded from basis of calculation for Schneider Electric's 2015 dividend.Says the sold business generated revenues of $230 million and an EBITDA of $32 million in 2014.  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