Schneider Electric - Q1 Sales down 15.9% organic

Schneider Electric reported on Thursday Q1 Sales of 3,822 millions euros, implying an organic decline of 15.9%. Sales were 1,634 millions for Europe (-15.4% in organic), 1.088 millions for North America (-21,3%), 697 millions for Asia-Pacific (-15.5%) and 403 millions for Rest of the World (-1%).

Average figures in ZoneFinance Consensus, based on 9 contributions, were 3,902 millions euros for Total Sales, meaning an organic decline of 15.5%. Figures were 1,653 millions for Europe (-17% organic), 1,113 millions for North America (-19.3), 701,4 millions for Asia-Pacific (-10.6%) and 387 millions for Rest of the World (-7%).