Main facts: Q1 16 revenue at €5.77bn (-3.7% yoy) came in above market expectations of €5.65bn. Organic growth was +0.1% yoy as the negative FX impact was €-144m, or -2.4%, primarily due to the depreciation of several new economies’ currencies versus the euro. The perimeter impact was €-85m corresponding to -1.4% on Q1 16 revenue. The company confirmed its FY16 guidance of organic revenue growth to be flat to down low single-digit, impacted by the group’s higher
21 Apr 2016
Situation looks under control
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Situation looks under control
Schneider Electric SE (SU:WBO) | 0 0 0.3% | Mkt Cap: 42,816m
- Published:
21 Apr 2016 -
Author:
Lionel Pellicer -
Pages:
2
Main facts: Q1 16 revenue at €5.77bn (-3.7% yoy) came in above market expectations of €5.65bn. Organic growth was +0.1% yoy as the negative FX impact was €-144m, or -2.4%, primarily due to the depreciation of several new economies’ currencies versus the euro. The perimeter impact was €-85m corresponding to -1.4% on Q1 16 revenue. The company confirmed its FY16 guidance of organic revenue growth to be flat to down low single-digit, impacted by the group’s higher