Schneider Electric is confident in the growth potential of its new business portfolio
Rueil Malmaison, November 29, 2007 – Jean-Pascal Tricoire, Chairman of the Management Board and CEO of Schneider Electric (Euronext: SCHN), took advantage of Investor Days on November 28 and 29 to highlight the Group’s growth strategy. In-depth repositioning of the business portfolio has allowed Schneider Electric to double its accessible market in six years, diversify its exposure to end markets and transform its growth profile.
As a result, Schneider Electric has developed unique positions in new businesses experiencing strong, structural growth such as Critical Power & Cooling Services, Energy Monitoring and Services. It has also enhanced its presence in markets that are less sensitive to economic cycles, such as Infrastructure and Data Centers & Networks.
Schneider Electric is now able to offer even more comprehensive solutions to meet its customers’ emerging needs, notably in the promising hospital, hotel, water treatment and data center segments.
Commenting on the business outlook, Jean-Pascal Tricoire declared: “Thanks to our geographic expansion and strategic repositioning — one-third of our sales is generated in emerging markets and half is from new businesses* — Schneider Electric has considerable strengths with which to seize growth opportunities in its markets and sustainably generate higher growth. Assuming current conditions in its end markets, the Group anticipates organic growth of its sales between 6% and 8% in 2008.”
About Schneider Electric
Schneider Electric: Giving the best of the New Electric World to everyone, everywhere, at any time
* Critical Power and Cooling, Energy Monitoring, Building Automation & Security, Industrial Automation, Installation Systems & Control (wiring devices), Services