Schneider Electric: suspends annual targets
(CercleFinance.com) - While it is too early to determine the full impact of the coronavirus crisis on its results, Schneider Electric says that its 2020 targets, which it published on 20 February are no longer relevant and have therefore been suspended.
The group is currently working on the analysis of potential scenarios emanating from this crisis and of the actions and impacts that result from it. It will publish an update as the situation develops.
In particular, Schneider Electric is focusing on cash generation, as well as on strict cost management measures and the acceleration of the efficiency plans announced previously, examining new savings measures.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The group is currently working on the analysis of potential scenarios emanating from this crisis and of the actions and impacts that result from it. It will publish an update as the situation develops.
In particular, Schneider Electric is focusing on cash generation, as well as on strict cost management measures and the acceleration of the efficiency plans announced previously, examining new savings measures.
Copyright (c) 2020 CercleFinance.com. All rights reserved.