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Industry Summary Articles

Wednesday, April 25, 2018

Schneider Electric’s strong start to 2018: Q1 Group org. revenue growth of +6.2% driven by strong growth in both Energy Management & Industrial Automation

Schneider Electric announced today its first quarter revenues for the period ending March 31, 2018.

Jean-Pascal Tricoire, Chairman and CEO, commented: “We begin the year 2018 with strong performance in Q1, confirming accelerated momentum across 2017. Our two businesses, Energy Management and Industrial Automation, deliver strong organic growth with +6% and +9% respectively. We progress well on our initiatives of more products through our partners, more software, more services, and EcoStruxure deployments accelerate. We see growing traction for our efficiency solutions integrating energy management and automation. We also benefit from our multiregional model, at a time when some tensions tend to regionalize markets. We complete in due time the transaction with AVEVA as well as IGE+XAO in Q1, strengthening our software portfolio in both of our businesses.”

To view the original press release with associated tables, please click here.

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