Schneider reported its Q3 15 revenue of €6,594m, +4.9% reported growth, but corresponding to -1.6% organic growth (-1.1% working day adjusted). The Industry segment decreased 4.6% yoy on an organic basis, reflecting weak industrial investments, a further slowdown in China while North America declined due to weaker oil & gas and IT investments. Other segments (IT, Infrastructure, Buildings & Partner) were flat to slightly negative, also impacted by China. By region, Western Europe
29 Oct 2015
Second "limited" warning in a row as China weighs
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Second "limited" warning in a row as China weighs
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
29 Oct 2015 -
Author:
Lionel Pellicer -
Pages:
2
Schneider reported its Q3 15 revenue of €6,594m, +4.9% reported growth, but corresponding to -1.6% organic growth (-1.1% working day adjusted). The Industry segment decreased 4.6% yoy on an organic basis, reflecting weak industrial investments, a further slowdown in China while North America declined due to weaker oil & gas and IT investments. Other segments (IT, Infrastructure, Buildings & Partner) were flat to slightly negative, also impacted by China. By region, Western Europe