Schneider Electric shows strong growth in earnings in first-half 2007 and a very promising start for the new APC-MGE business unit- Sales up 25%- EBITA up 23%- Net income up 21%- Record organic sales growth: up 14.0%- Fast deployment of portfolio's new businesses- EBITA margin up 0.5 point to 14.2% on a proforma basis*- Sustained growth and noticeable upturn in APC-MGE profitability- Organic growth for full-year 2007 revised upward to 11%Jean-Pascal Tricoire, Chairman of the Management Board and CEO, noted:Schneider Electric again achieved excellent sales and earnings growth in first half 2007.
The strong investment and on-going efforts made in the development of our geographic coverage and our new businesses such as energy management, services, electrical equipment and building management have allowed us to take full advantage of the strong momentum in our markets. The effective integration of APC and the fast upturn in its profitability also made a significant contribution to our performance. We intend to pursue our commitment in geographic expansion and the deployment of complete solutions to further enhance our position in a favorable environment."