Schneider Electric achieved a lot in the first hal

Schneider Electric achieved a lot in the first half of the year.

Schneider Electric recently announced its second quarter sales and first half results. In the second quarter, its actual sales reached 5.392 billion euros, an increase of 8.8% year-on-year. In the first half of the year, EBITA (pre interest income) before deducting acquisition and integration costs reached 1.413 billion euros, an increase of 14% year-on-year

Jean Pascal tricoire, President and CEO of the group, said: under the adverse conditions of significant inflation and investment in strategic growth priorities, we achieved double-digit growth in sales and operational profitability in the first half of 2011

it can be seen that the strategy of raising the price of products launched in the first half of the year has achieved obvious results, increasing its sales by 46million euros. However, as expected, this cannot immediately and completely offset the cost increase caused by the rise in raw material prices of EUR 214 million. Therefore, it said that more price hikes would await implementation

in the second quarter, thanks to strong industrial demand, infrastructure investment and wider regional coverage in emerging economies, the group's power business achieved sales of 2.027 billion euros, an increase of 6.7% year-on-year, accounting for 37% of the group's sales in the second quarter. In the first half of the year, cumulative sales reached 3.936 billion euros, an increase of 8.5% year-on-year. However, the performance of the solutions business was weaker in this quarter, especially in the renewable energy sector

since the group's energy division was established in 2011, it combines all the medium voltage businesses of the group, including Areva power distribution. Therefore, the profit information of the Department is given according to the new institutions and sub businesses in place. For the energy division, the performance increase is also based on the comparable amount in the same period of 2010, and includes the performance of Areva distribution in the first half of 2010

on the basis of being mainly engaged in small-scale packaging processing, the energy business performed strongly in the second quarter, achieving sales of 1.221 billion euros, an increase of 9% year-on-year, accounting for 21% of the group's sales in the second quarter. In the first half of the year, the cumulative sales volume reached 2.029 billion euros, with a year-on-year increase of 5.4%. This is mainly due to the strong promotion of the solution business, which also reflects the increased demand from power companies and the growth of investment in oil and gas and infrastructure, especially in emerging economies

with the overall growth of demand, the growth of industrial business in all regions has been balanced, and with the sales of 1.122 billion euros, it achieved a growth of 14.2% in the second quarter, accounting for 21% of the group's sales in the second quarter. In the first half of the year, the cumulative sales volume reached 2.227 billion euros, with a year-on-year increase of 17.8%

it is worth mentioning that Schneider Electric solutions achieved excellent growth in the first half of the year. This is the result of our efforts to develop special and integrated solutions for customers as a new functional material. PHA can be made into membranes, bottles and injection molded parts, and can also be spun into fibers and fabrics. Therefore, it can be widely used in the fields of mulch, orthopedics, personal hygiene products, drug controlled release, special packaging and so on, Especially in the fields of energy conservation and efficiency enhancement and smart electricity. We have also further expanded our business in emerging economies, accounting for about 40% of Schneider Electric's sales. Zhao Guohua said

in terms of growth by region, Western Europe remained the group's largest business area in the second quarter, with a proportion of 32% of the group's total sales. However, as the stable performance of Germany, northern Europe and Italy was offset by the double-digit decline in Spain, the group achieved only 2% growth in this region

Asia Pacific is the second largest business area of the group, accounting for 27% of the group's sales in the second quarter. Although the previous sales base was large, it still achieved a 15% growth in the quarter. Due to healthy industrial demand, good growth in data centers and energy efficiency projects, which exceeded the impact of weak market trends in construction related businesses and power companies, North America achieved an 8% growth in the second quarter, ranking third. The rest of the world achieved 1 in the second quarter, and we can achieve the desired 4% growth, especially in Russia and Latin America, followed by the Middle East and central Europe, while Africa remained stable

according to Zhao Guohua, the key task in the second half of 2011 will be to integrate the acquisition business and form synergy. In addition, we will continue to focus on improving the operational efficiency of production operations and business support departments, and accelerating the cash cycle

in view of the stable profit growth in the first half of the year in order to complete the query effectiveness, Zhao Guohua believes that Schneider Electric expects the profit in the second half of the year to be higher than that in the first half of the year. He also stressed that the price increase measures launched in the first half of the year will be accelerated to reach about 1% of sales, in order to partially compensate for the rising pressure of raw materials of about 400million euros. Therefore, Schneider Electric is convinced that the annual organic growth rate target is 6% to 9%, and the EBITA surplus should reach 15%