This cost efficiency plan is being accelerated.
Rest of the World (17% of Q1 revenues) sales rose +3.1% organically. Data Center end-market saw strong demand in the region.
In a difficult industrial environment, most of the countries are showing a decline. Energy Management sales fell -6.1% organic (largely in Asia Pacific led by China).
Panels business and the deconsolidation of Electroshield Samara (SESH). NEW YORK (dpa-AFX Analyser) - Das Analysehaus RBC hat die Einstufung für Schneider Electric auf "Outperform" mit einem Kursziel von 120 Euro belassen.
In Q1, the Schneider Sustainability Impact recorded a score of 7.15 out of 10 as the Group continues to execute its three-year sustainability plan. Our multi-local set up enables our empowered, country organizations to react to the crisis with speed and agility, supported by a tightly coordinated global task- force. Data Center was down on a high base of comparison in the quarter. CAPITAL ALLOCATION PRIORITIES REMAIN UNCHANGED. Asia-Pacific(23% of Q1 revenues) posted a -20.4% decline in sales organically. Further notes on 2020 available in appendix, The 2020 Q1 revenues presentation is available at www.se.com. Canada reported a varied performance amongst technologies while Mexico experienced a rebound on the back of a weak comparable in 2019. The Group is focused on acting swiftly and with agility, as was demonstrated during the 2009 financial crisis. Rueil-Malmaison (France), April 23, 2020 - Schneider Electric announced today its first quarter revenues for the period ending March 31, 2020. The Group has built its digital capabilities over several years focused on its connected offers complemented with its suite of software and digital services. The fall in activity, as a consequence of the Covid-19 crisis, in residential and CIB end-markets varied from country to country with some projects restarting after appropriate Health & Safety measures were put in place, while some governments stipulated that non-essential construction must remain on hold. Several other countries in the region also suffered complete or partial lockdowns as the quarter progressed impacting Australia, India, Indonesia, Malaysia, Philippines, Japan, Korea and Singapore.
France recorded poor performance in OEM markets in the continuation of H2 2019 driven by a general slowdown of discrete activities.
Western Europe(32% of Q1 revenues) sales fell -5.9% organically with Process and discrete markets both down. ProLeiT is headquartered in Germany and recorded revenues of around Euro 50m in 2019. Other countries in the region were also impacted due to the current economic situation.
We provide energy and automation digital solutions for efficiency and sustainability.
On February 14, 2019, the Group initiated a new €1.5 billion to €2.0 billion share buyback program over the. the FX impact on FY 2020 revenues is estimated to be neutral to slightly negative. Further notes on 2020 available in appendix, The 2020 Q1 revenues presentation is available at www.se.com. Rest of the World (16% of Q1 revenues) showed a decline of -4.0% organically.
About Schneider Electric At Schneider. At the same time, the Group ensured that products & services for critical industries remained available. Spain and Italy were impacted in the quarter given significant rise in contagion levels and consequent containment measures though the group's supply for critical infrastructure was maintained. We have a consistent strategy that is delivering resilience, efficiency and sustainability for customers in our four end-markets.
We are committed to unleash the infinite possibilities of an open.
About Schneider ElectricAt Schneider. ensuring Life Is On everywhere. There continued to be lower demand in Utilities in the Gulf while South America delivered strong growth, benefiting from project execution particularly where the Group's Energy Management technologies are bundled and sold together notably in Brazil, Chile and Peru. As the situation evolves, we will be able to assess the full economic impact of this crisis and its consequences.
Details can be found on our sustainability page. Assets under Management grew >40% year-on-year in Q1. SUPPORTING MISSION CRITICAL INFRASTRUCTURE AND SERVICES TO ENSURE THAT "LIFE IS ON". Demand from discrete industrial markets dropped across both Industrial Automation and Energy Management. Several countries including Sweden, Belgium and Switzerland grew in Q1.
As the situation evolves, we will be able to assess the full economic impact of this crisis and its consequences. RIB Software: Further to the announcement on 13 February 2020, when the group announced an offer for RIB Software, the offer process is ongoing and the deal could be expected to close in Q2, 2020.
Data center activity remained dynamic though impacted by a high base of comparison. VIII.
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