Schneider reported Q3 17 revenue figures and upgraded its FY17 guidance Q3 17 revenues reached €5,904m, a -1.9% reported growth but a +2.7% organic increase. Organic growth was driven by a double-digit increase in China and +6.9% growth in Industrial Automation. The impact of foreign exchange fluctuations was negative at €-206m, or -3.6% of Q3 sales, primarily due to the depreciation of the US dollar, the Chinese yuan and several new economies’ currencies against the euro. The
26 Oct 2017
FY17 guidances lifted again in the wake of strong Q3
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FY17 guidances lifted again in the wake of strong Q3
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
26 Oct 2017 -
Author:
Lionel Pellicer -
Pages:
2
Schneider reported Q3 17 revenue figures and upgraded its FY17 guidance Q3 17 revenues reached €5,904m, a -1.9% reported growth but a +2.7% organic increase. Organic growth was driven by a double-digit increase in China and +6.9% growth in Industrial Automation. The impact of foreign exchange fluctuations was negative at €-206m, or -3.6% of Q3 sales, primarily due to the depreciation of the US dollar, the Chinese yuan and several new economies’ currencies against the euro. The