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Schneider Electric’s annual sales amounted to €13.7 billion (US$18.7 billion) in 2006, up 17.6% on a current structure and exchange rate basis. After sharp increases in the two previous years, organic growth reached a record 10.7% in 2006, reflecting the success of the initiatives launched under the new company program. In the fourth quarter of 2006, sales rose a strong 12.3% from the year-earlier period to €3,664 million on a currentstructure and exchange rate basis.
Acquisitions (primarily IBS in Building Automation, Merten, OVA, GET and Clipsal Asia in Ultra Terminal) contributed €151 million, or 4.6% of growth for the period. The negative currency effect reduced sales by €87 million (or 2.9%), due to the dollar’s weakness against the euro during the period.
The Asia-Pacific region delivered a strong performance of 15.6%, lifted by high growth in China (over 15%), India and Southeast Asia. These countries are benefiting from the powerful momentum generated by investment in infrastructure and industry, says Schneider.
