APC 2013 Annual Report Download - page 181

BUSINESS REVIEW
REVIEW OF THE PARENT COMPANY FINANCIAL STATEMENTS
Review of the parent company 3.
financialstatements
Schneider ElectricSA posted total portfolio revenues of Net loss stood at EUR133million compared with a net income of
EUR10million in2013 compared with EUR372million the previous EUR225million in2012.
year. Schneider Electric IndustriesSAS, the main subsidiary, did Equity before appropriation of net profit amounted to
not pay dividends in2013 compared with EUR300million dividend EUR10,303million at December31, 2013 versus
paid in2012. Interest expense net of interest income amounted to EUR11,229million at the previous year-end, after taking into
EUR158million versus EUR147million the year before. account 2013 loss, dividend payments of EUR1,024million and
Current loss amounted to EUR165million in2013 compared to a share issues in an amount of EUR230million.
current income of EUR207million in2012.
Review of subsidiaries 4.
4
Schneider Electric IndustriesSAS
Revenue totaled EUR3.5billion in2013 (EUR3.6billion in2012).
The subsidiary posted an operating loss of EUR233million in2013 compared with an operating loss of EUR69million in2012.
Net profit amounted to EUR948million in2013 compared with EUR1,061million in2012.
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;
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Western Europe is showing initial signs of stabilization with 0.4pt to 0.8pt improvement of the adjusted EBITA margin vs.
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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 September2013 and the full consolidation
of Electroshield – TM Samara is ~14.0%.
* Without Appliance division.
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2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC