APC 2014 Annual Report Download - page 4

MESSAGE OF JEAN-PASCAL TRICOIRE
CHAIRMAN AND CEO
Message from
Jean-Pascal Tricoire
CHAIRMAN AND CEO
Successes amid a challenging year Closing Connect, company program…..
In 2014, Schneider Electric’s focus on the execution of its strategy In 2014 we closed Connect that laid solid foundations for future
and the integration of Invensys drove revenues up 6.6%, despite a growth and brought some remarkable achievements: it accelerated
difficult environment marked by a slowdown in new economies and our tailored supply chain; it enabled great progress in services; and
a continued weakness in Western Europe. it initiated our digitization journey. The Tailored Supply Chain
initiative improved our performance on delivery and led to
On an organic basis, our revenues grew 1.4%. Growth was more significant improvements in customer satisfaction. We identified
robust at 3.2% in three of our four businesses, excluding the points of progress and launched initiatives to offer new values to
Infrastructure business which remained impacted by the weak our customers. Our work on this front was recognized by
utility market in Europe. Adjusted EBITA was €3.5bn and net independent organizations, such as Gartner, who ranked
income reached a record high €1.9bn. The proposed dividend is Schneider Electric No. 22 on its list of European companies that
€1.92 per share, up 3%. achieved supply chain excellence and by the SCM world
Our global footprint and balanced presence continued to be a profession award. This has positively impacted our profitability and
strong assets for relience, as pick-up in U.S. growth compensated cash thanks to industrial productivity and inventory optimization.
for the slowdown in China. In the U.S. we consolidated our market Services remain a growth engine for the Group and outgrew the
leading position in core Building & Partner business and benefitted rest of the Group by 7 point on average per annum.
from a strong construction market. We came back to growth in IT,
….Introducing Schneider is On—customers at the
and developed vigorously Industry and Infrastructure sales.
center
The Invensys acquisition proceeded swiftly, with integration targets
all exceeded in the first year. We already generated significant The world of energy is transforming. The convergence of IT and
costs savings of €75m at the end of 2014. We are now building a energy technologies, the internet of things applied to energy,
solid pipeline of commercial synergies in all our key geographies allows increasing control and anticipation in the use of energy and
and have confirmed complementarities and synergies with our resources. The energy world is becoming more connected, more
Industry and Infrastructure businesses. This acquisition has distributed, more electric and more efficient.
reinforced our industrial automation capabilities, our software
portfolio and boosted our position in key electro-intensive
segments. We have strengthened our leadership position in
operation management software and we now combine a new
wealth of possibilities in process and manufacturing automation
with franchises like Wonderware, Advantis, SimSci, Citec and
Struxureware.
22014 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC