Schneider reported its H1 16 results. Main facts: Revenue reached €11.85bn in H1 16, a 7.8% reported decrease but corresponding to a 0.1% organic decrease. For Q2 16 alone, revenue was €6.21bn, a 9.4% reported decrease and 0.5% organic decrease. The EBITA margin reached 13.3% (€1,570m), a 70bp improvement over last year (12.5%) mainly due to cost reduction. Net profit was €809m, a +13% increase yoy leading to a strong free cash flow generation of €446m (versus €2
28 Jul 2016
Strong execution amid still difficult markets
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Strong execution amid still difficult markets
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
28 Jul 2016 -
Author:
Lionel Pellicer -
Pages:
3
Schneider reported its H1 16 results. Main facts: Revenue reached €11.85bn in H1 16, a 7.8% reported decrease but corresponding to a 0.1% organic decrease. For Q2 16 alone, revenue was €6.21bn, a 9.4% reported decrease and 0.5% organic decrease. The EBITA margin reached 13.3% (€1,570m), a 70bp improvement over last year (12.5%) mainly due to cost reduction. Net profit was €809m, a +13% increase yoy leading to a strong free cash flow generation of €446m (versus €2