APC 1999 Annual Report Download - page 24

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Antoine
Giscard d’Estaing
Executive Vice-President,
Finance and Control
6.46 6.73 7.23 7.63
EUR 8.38 bn
Combined efforts
to improve profitability
Combined efforts
to improve profitability
Sales rose 11.3% from 1998*
to EUR 8.38 billion.
* Excluding real estate operations sold in early 1999.
** Pro forma restated for Spie Batignolles.
22
Financial highlights
FF 55.0 bn
95** 96** 97 98 99
“For Schneider Electric, 1999 was an excellent year.
Our teams’ deep commitment to the Schneider 2000+ growth
and profitability objectives led to a significant improvement
in performance during the year. Efforts to reduce base costs
and further increase industrial productivity considerably widened
our operating margin, placing us among the top players
in our industry.We are fully confident in our ability to regularly
improve return on capital employed and create value
for shareholders on a sustainable basis.”
Sales
(EUR billion)