The company reported a weaker operating margin than last year and lowered its FY15 guidance. In H1, revenues reached €12.48bn corresponding to a +9.8% increase yoy and a 0.9% organic decline, and was flat excluding Invensys. For Q2 on its own, organic growth was a mere 0.1% but improved sequentially (-2% yoy in Q1). The company cited the challenging environment in China (Asia Pacific area with a 5% decline yoy in H1 and Q2) and the Oil & Gas sector impacting negatively Invensys and t
29 Jul 2015
Limited warning amidst weak China and energy sector
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Limited warning amidst weak China and energy sector
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
29 Jul 2015 -
Author:
Lionel Pellicer -
Pages:
2
The company reported a weaker operating margin than last year and lowered its FY15 guidance. In H1, revenues reached €12.48bn corresponding to a +9.8% increase yoy and a 0.9% organic decline, and was flat excluding Invensys. For Q2 on its own, organic growth was a mere 0.1% but improved sequentially (-2% yoy in Q1). The company cited the challenging environment in China (Asia Pacific area with a 5% decline yoy in H1 and Q2) and the Oil & Gas sector impacting negatively Invensys and t