Schneider posts good growth ahead of combination with AVEVA

Posted by Schneider Electric on November 15th, 2017

Schneider Electric Software saw a 4% improvement in its first half revenue to 8.5m in the six months to 30 September, it reported on Tuesday, ahead of its planned combination with FTSE 250 company AVEVA.
The firm’s adjusted EBITA was up 3.3% over the same time last year, to .6m.
Approximately half of the increase in revenue was said to be the result of the implementation of commercial agreements, with that impact expected to be largely factored by 1 January.
“The balance of the growth reflected underlying volume growth in HMI / SCADA licensing primarily in the APAC and EMEA regions, and an increase in the software maintenance and support revenue stream,” AVEVA’s update read.
“Globally the business has seen volume pickup in areas of the portfolio that deliver operational visibility, efficiency improvements and asset reliability.
“Overall, revenue decreased in North America resulting from the levelling-off of SCADA upgrade and enhancement project volume seen over the past two years in the in the oil and gas pipelines market for the region.”
Overall costs increased by 4.1%, which together with the growth in revenue resulted in the 3.3% increase in adjusted EBITA.
As well as publishing the Schneider figures, AVEVA also posted solid first half growth in its own business on Tuesday.

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Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this *Life Is On*. Schneider Electric is the worldwide expert in energy administration and automation. With incomes of ~€25 billion in FY2016, our 144,000 representatives serve clients in more than 100 nations, Schneider Electric helping them to deal with their energy and process in ways that are protected, dependable, productive and practical. From the least difficult of changes to complex operational frameworks, Schneider Electric innovation, programming and administrations enhance the way our clients oversee and computerize their operations. Schneider Electric associated advancements reshape businesses, change urban communities and advance lives. At Schneider Electric, we call this Life Is On. Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.