Q1 2013 revenues of €5.2 billion

PR Newswire/Les Echos/ 
Financial Information 
                   Q1 2013 revenues of EUR5.2 billion  

                          Full year guidance confirmed

  Asia-Pacific improved sequentially with China turning positive
  Market conditions remained difficult in Western Europe
  Mixed  picture  in  North  America  with  positive  underlying  trend,  but
  performance penalized by one-offs and high comparable base
  Group organic sales down 2.7% mainly due to fewer working days
  New economies organic growth 8 points above mature countries
  Services up 3% organically, outperforming rest of Group by 7 points

Rueil-Malmaison (France), April 23, 2013 - Schneider Electric reported today
first-quarter revenues of EUR5,211 million, down 3.7% year-on-year on current
structure and exchange rate basis. Organic revenues were down 2.7%, of which
fewer working days accounted for about 1.6% of decline.

The breakdown of revenues by business segment was as follows:

EUR million                            Q1 2013
                  Revenues  Organic  Changes in  Currency  Reported
                             growth   scope of    effect    growth

Partner             1,930     -3.3%     +0.3%     -1.2%     -4.2%
Infrastructure      1,110     +1.0%     +2.1%     -1.0%     +2.1%
Industry            1,011     -3.6%     -0.9%     -1.6%     -6.1%
IT                    793     -2.4%     -0.5%     -2.2%     -5.1%
Buildings             367     -8.1%     +1.2%     -0.7%     -7.6%
Group               5,211     -2.7%     +0.3%     -1.3%     -3.7% 
Jean-Pascal Tricoire, President and CEO, commented: "We achieved EUR5.2 billion
revenues in Q1 2013. Improvement in China supported return to growth in Asia
Pacific and other new economies continued to grow. We saw a positive underlying
trend in North America in some of our end markets though our performance was
negatively impacted by one-offs and high comparables. Western Europe remained
While the visibility remains limited, the trends are in line with our
expectation at beginning of the year and we therefore confirm our full year 
2013 guidance. 
Moving forward, we will remain focused on executing our "Connect" program
initiatives around growth, efficiency and cash generation to ensure delivery of
Organic growth analysis by business segment 
Partner (37% of Q1 revenues) was down 3.3% like-for-like, reflecting the 
decline in both products and solutions. The product business saw a mixed 
picture with improvement in China offset by the still sluggish economy in 
Europe and slow construction market in Australia. The US observed a material 
recovery in the residential market but was weighed down by one-offs and high 
comparables. The solution business was impacted by high comparables last year 
and the decline of solar business mainly in Europe. However underlying order 
trends for Partner business were resilient and indicated stability. 
Infrastructure (21% of Q1 revenues) was up 1.0% like-for-like. Product business
was flat with mixed underlying dynamics as it grew in the Middle East, driven 
by investment in utilities, while Western Europe continued to weigh down on the
performance. The solutions business was up driven by the good execution of
projects in electrical infrastructure in Russia and the US as well as in 
natural resource based industries in South East Asia and Australia. Growth of 
installed base services across the board was a support. 
Industry (20% of Q1 revenue) declined 3.6% like-for-like as the growing 
solution business could not offset the weakness of products. Solutions 
performance was driven by the continued strong demand for our OEM solutions 
with the success of SoMachine. Services were also strong in most of the 
regions. This compensated a soft quarter for end-user solutions, mainly 
impacted  by reduced investments in mining in Australia and water in the UK. 
Products remained negative reflecting the manufacturing contraction in Western 
Europe and softness in North America. The first quarter was impacted by 
one-offs; however, the underlying order trend for the Industry business 
confirms stabilisation. 
IT (15% of Q1 revenues) declined 2.4% like-for-like, weighed down by Solutions.
Product business continued to grow, supported by the success of Luminous and
sustained demand for critical power products in South East Asia and Russia,
partly offset by weaker demand in the US, which had a high basis of comparison
in first quarter 2012. Solution business was mainly impacted by project delays
in North America and postponed investments in data center in China. This could
not be offset by the good execution of data center solutions in the UK, Ireland
and Russia. Services were strong in South East Asia and resilient in North
Buildings (7% of Q1 revenues) was down 8.1% organically. Solutions business was
in decline as good performance of security systems and installed base services
was weighed down by spending delays in the US and lower public investments in
the Nordics and the UK, particularly affecting building management systems and
advanced energy management services. Products business decreased due to the 
weak demand in mature countries. 
Solutions business was down organically at -3% in the first quarter and
represented 38% of revenues. 
Organic growth analysis by geography 
EUR million                       Q1 2013 
                  Revenues    Organic     Reported growth 
Western Europe         1,590         -7%             -6%
Asia-Pacific           1,395         +2%              0%
North America          1,331         -5%             -6%
Rest of the World        895         +1%             -3%
Group                  5,211       -2.7%           -3.7% 
Western Europe (30% of Q1 revenues) dropped 7% year-on-year in the first
quarter. The UK continued to post positive growth but Southern Europe declined
double-digit reflecting continued economic weakness in Spain, Italy and France.
Nordic countries turned negative in this quarter mainly due to slowdown in the
economy. Germany was negative due to cautious utility spending and industries
penalized by weak export markets. 
Asia-Pacific (27% of Q1 revenues) was up 2% like-for-like. The trend was
positive for most of the region. China turned slightly positive in this quarter
helped by construction market. South East Asia continued to grow, reflecting
investment in real estate, mining and oil & gas. India posted good growth 
driven by strong demand in power reliability. Australia was down as the good 
execution of projects in infrastructure and oil & gas was weighed down due to 
sluggish construction market. 
North America (26% of Q1 revenues) was down 5% like-for-like. This decrease 
does not reflect the underlying trend which was slightly positive. The first 
quarterrevenues were negatively impacted by fewer working days and high 
comparables. The recovery in residential construction was confirmed and the 
region continued to benefit from investments in oil & gas and mining. The 
revenues were weighed down by lower IT spending and reduced government 
investments in buildings. 
Rest of the World (17% of Q1 revenues) reported 1% growth. CIS, comprising
Russia, Kazakhstan, Ukraine, continued to post double-digit growth on the back
of investment in infrastructure and mid market offer ramp up. Africa renewed
with growth and South America was positive. Middle East and Central Europe
Revenues in new economies were up 2% organically and represented 39% of total
first quarter 2013 revenues, up 1 point compared to same period previous year. 
Consolidation(1) and foreign exchange impacts 
Net acquisitions contributed EUR18 millionor +0.3%. This includes mainly M&C
Energy (Buildings) and several minor acquisitions and disposals in other
(1) Changes in scope of consolidation also include some minor reclassifications
of offers among different businesses. 
The impact of foreign exchange fluctuations was negative at EUR74million,
primarily the result of the depreciation of the Brazilian real, Indian rupee,
Japanese yen and US dollar, against the euro over the period. 
2013 Outlook 
While the visibility remains limited, the development of business in the first
quarter was consistent with our expectations, with the confirmation of an
improvement in China, overall strength in the new economies, significant
challenges in Western Europe and slightly positive underlying trends in North
Based on these trends the Group confirms its targets of a low-single digit
organic growth in revenues and of a stable to slightly up adjusted EBITA margin
for the year 2013. 
The Q1 2013 revenues presentation is available at www.schneider-electric.com. 
2013 half year results and second quarter revenues will be released on July 31,
About Schneider Electric
As a global specialist in energy management with operations in more than 100
countries, Schneider Electric offers integrated solutions across multiple 
market segments, including leadership positions in Utilities & Infrastructure,
Industries & Machines Manufacturers, Non-residential Building, Data Centers &
Networks and in Residential. Focused on making energy safe, reliable, efficient,
productive and green, the Group's 140,000 plus employees achieved revenues of 
24 billion euros in 2012, through an active commitment to help individuals and
organizations make the most of their energy.
Appendix - Consolidation impact on revenues and EBITA 
In number of months            2012                 2013 
                            Q1   Q2   Q3  Q4    Q1   Q2   Q3    Q4 
Lee Technologies
IT business                     3m
2010 revenues $140 million 
Summit Energy
Buildings business              3m
2011e revenues $65 million 
Power business                  3m   3m  -1m
2010 revenues c. EUR25 million 
APW President
IT business                     3m   3m  -1m
FY 31/10/10 revenues 
EUR18 million 
IT business                     3m   3m  -1m
FY 31/3/11 revenues c.   
EUR170 million 
Steck Group
Power business                  3m   3m   1m
2011e revenues EUR80 million 
Infrastructure business         3m   3m   2m
2010 revenues EUR753 million 
Leader & Harvest
Industry business               3m   3m   3m
2011e revenues $150 million 
M&C Energy
Buildings business                        3m   3m    3m   3m
FY 30/6/12e revenues 
£35 million 
Electroshield TM Samara
Infrastructure business                                   3m   3m   3m
Average annual revenues of 
more than RUB 20 billion 
since acquisition of 50% 
stake in 2010 
Investor Relations :           Press Contact :
Schneider Electric             Schneider Electric
Anthony Song                   Véronique Roquet-Montégon 
Tél. : +33 (0) 1 41 29 83 29   Phone : +33 (0)1 41 29 70 76
Fax : +33 (0) 1 41 29 71 42    Fax : +33 (0)1 41 29 88 14
ISIN : FR0000121972 
Press Contact :
Michel Calzaroni
Olivier Labesse
Phone : +33 (0)1 40 70 11 89
Fax : +33 (0)1 40 70 90 46 
The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication. 
-0- Apr/23/2013 10:18 GMT
Press spacebar to pause and continue. Press esc to stop.