APC 2013 Annual Report Download - page 181
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BUSINESS REVIEW
REVIEW OF THE PARENT COMPANY FINANCIAL STATEMENTS
Review of the parent company
3.
financialstatements
Schneider ElectricSA posted total portfolio revenues of Net loss stood at EUR133million compared with a net income of
EUR10million in2013 compared with EUR372million the previous EUR225million in2012.
year. Schneider Electric IndustriesSAS, the main subsidiary, did Equity before appropriation of net profit amounted to
not pay dividends in2013 compared with EUR300million dividend EUR10,303million at December31, 2013 versus
paid in2012. Interest expense net of interest income amounted to EUR11,229million at the previous year-end, after taking into
EUR158million versus EUR147million the year before. account 2013 loss, dividend payments of EUR1,024million and
Current loss amounted to EUR165million in2013 compared to a share issues in an amount of EUR230million.
current income of EUR207million in2012.
Review of subsidiaries
4.
4
Schneider Electric IndustriesSAS
Revenue totaled EUR3.5billion in2013 (EUR3.6billion in2012).
The subsidiary posted an operating loss of EUR233million in2013 compared with an operating loss of EUR69million in2012.
Net profit amounted to EUR948million in2013 compared with EUR1,061million in2012.
Outlook
5.
Recent trends indicate that North America should continue to grow Based on current market conditions, the Group targets for 2014:
though the first quarter would be impacted by severe weather. low single-digit organic growth in revenue;
l
Western Europe is showing initial signs of stabilization with 0.4pt to 0.8pt improvement of the adjusted EBITA margin vs.
l
potential for improvement in the second half. End-market trends in the 2013 proforma level excluding the currency impact.
China continue to be solid. Uncertainty remains in several new
The negative currency impact is currently estimated at ~0.4 pt,
economies due to currency volatility.
with most of the impact concentrated in H1.
The 2013 proforma adjusted EBITA margin including the last 12
months of Invensys* to September2013 and the full consolidation
of Electroshield – TM Samara is ~14.0%.
* Without Appliance division.
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2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC