Schneider Electric Grows 9.9% in 3Q
Schneider Electric sales for the third
quarter of 2006 totaled ﾀ3,480 million ($4,373 million), up 15.3% on a current
structure and exchange rate basis from the year-earlier period. Acquisitions
(primarily Juno Lighting, BEI Technologies, Merten and Clipsal Asia) contributed
a ﾀ216 million ($271 million), or 7.1% of growth for the period.
Schneider Electric benefited from a
higher-than-expected demand in Western Europe and continued to see strong
performance in emerging countries. With an average sales increase of 17%, these
countries generated more than 50% of the Group's organic growth during the
Schneider Electric aggregate sales for the
first nine months ended Sept. ...