Stable underlying Q3 performance in a mixed environment thanks to China turning positive and good growth in services
 Revenues of €6.1bn, organic growth of -1.7% and about flat excluding selectivity & working day impacts1
 China continued to improve, turning positive in Q3
 Middle East decline impacted Group revenue growth by -1.3pts. New Economies excl. Middle East up +2%
 North America marginally positive, Western Europe about flat, after adjusting for working day impact
 Building continues solid growth outside Middle East & Australia. Infrastructure slightly up before selectivity actions
 Industry performance as expected with renewed growth in China. IT revenues declined, while orders grew
 Services continue to grow mid-single digit driven by Building & IT
 FY 2016 targets reaffirmed
Rueil Malmaison (France), October 27, 2016 - Schneider Electric reported third quarter revenues of €6,064 million, down -1.7% organically and about flat underlying1.

he breakdown of revenue by business segment was as follows:
€ million Q3 2016 Revenues Organic Growth Reported Growth
Building 2,666 -0.1% -10.6%
Industry 1,333 -2.6% -4.6%
Infrastructure 1,161 -3.0% -8.8%
IT 904 -3.1% -3.8%
Group 6,064 -1.7% -8.0%

Jean-Pascal Tricoire, Chairman and CEO, commented: “As expected, we deliver flat underlying growth in the third quarter in an environment which remains mixed. We see China return to positive territory for the first time in two years. We keep executing on our strategic priorities, and focus on our profitable growth engines: products, services and software, while being more selective and better at execution in projects. We also keep investing in new economies, which deliver more growth, with the exception of the Middle-East at the moment. We confirm our full year objectives.”
1 Underlying Organic revenue growth excluding a selectivity impact of about -€60m and a working day impact of -0.6pt

see mora on
http://www2.schneider-electric.com/documents/financial-results/en/local/2016/revenues-q3-2016.pdf