2018 Quarterly Results– April 19, 2018
- Energy Management up +5.2% (c.+6% incl. Delixi), with strong growth in residential, CIB 1 , industry, infrastructure and data center endmarkets
- Industrial Automation up +9.2% with great performance in discrete and machine automation
- AVEVA deal closes in Q1; Good top line growth momentum
- Strong growth across regions with Asia-Pacific up +14% org. with a great Q1 in China. North America and Rest of World both up +5% org.
- EcoStruxure orders growth outpacing Group as digital initiatives gain momentum
- Full year objectives re-affirmed
Jean-Pascal Tricoire, Chairman and CEO, commented:
“We begin the year 2018 with strong performance in Q1, confirming accelerated momentum across 2017. Our two businesses, Energy Management and Industrial Automation, deliver strong organic growth with +6% and +9% respectively. We progress well on our initiatives of more products through our partners, more software, more services, and EcoStruxure deployments accelerate. We see growing traction for our efficiency solutions integrating energy management and automation. We also benefit from our multiregional model, at a time when some tensions tend to regionalize markets. We complete in due time the transaction with AVEVA as well as IGE+XAO in Q1, strengthening our software portfolio in both of our businesses.”
The replay of the conference call will be available from April 19th from 12:30 pm CET until April 26th, 2018 at:
+33 (0)1 70 48 00 94 or +44 (0) 207 660 0134
Pin code: 3590097