APC 2012 Annual Report Download - page 159
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2012 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 157
BUSINESS REVIEW
4
OUTLOOK
>
3. Review of the parent company
Schneider Electric SA posted total portfolio revenues of
EUR372 million in 2012 compared with EUR1,436 million the
previous year. Schneider Electric Industries SAS, the main
subsidiary, paid dividends of EUR300million in2012 compared with
EUR1,300million in2011. Interest expense net of interest income
amounted to EUR151 million versus EUR84million the year before.
Current income amounted to EUR207million in2012 compared to
EUR1,336million in2011.
On December30, 2011, Schneider ElectricSA invoiced Schneider
Electric IndustriesSAS a fi nancial compensation for the use of the
trademark Schneider Electric for EUR1.2billion.
Net profi t stood at EUR225million compared with EUR2,604million
in2011.
Equity before appropriation of net profi t amounted to
EUR11,229million at December31, 2012 versus EUR11,701million
at the previous year-end, after taking into account 2012 profi t,
dividend payments of EUR919 million and share issues in an
amount of EUR222million.
Schneider ElectricSA issued in September2012 a USD800million
bond due 2022 in the United States, by way of a private placement
to institutional investors only (including to qualifi ed institutional
buyers in the United States) at 2.95% fi xed rate.
financial statements
>
4. Review of subsidiaries
Schneider Electric IndustriesSAS
Revenue totaled EUR3.6billion in2012 same as in2011.
The subsidiary posted an operating loss of EUR69million in2012 compared with an operating loss of EUR88million in2011.
Net profi t amounted to EUR1,061 million in2012 compared with EUR992million in2011.
>
5. Outlook
Schneider Electric expects the economic environment to remain mixed in 2013 with continued challenges in Western Europe, opportunities
for acceleration in the new economies and a slow recovery in North America.
Based on current market conditions, the Group targets a low-single digit organic growth in revenues and a stable to slightly up adjusted
EBITA margin for the year 2013.