2010Annual Report - Schneider Electric CZ, s.r.o.

8
KEY FIGURES 2010
> Key figures 2010
• Record high sales, EBITA and net profit
• Pro-forma sales (4) exceed EUR20 billion for the first time
• Robust free cash flow at EUR1.7 billion, net debt down at EUR2.7 billion
• Strong start of Areva Distribution, exceeding expectations
• Steady growth and improved margin in 2011
Consolidated sales (in billions of euros)
13.7
06
17.3
07
18.3
08
15.8
09
19.6
10
EBITAR (1) (in millions of euros and as a % of sales)
15.2%
2,099
15.3%
2,660
16.0%
2,937
12.8% (3)
15.6% (2)
3 ,052
2,018
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2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC
SCHNEIDER ELECTRIC
Schneider Electric achieved record sales in 2010, with growth of
24% on a like-for-like and 9.3% on a reported basis. Including
Areva Distribution’s annual pro forma revenue of EUR1.9 billion, the
Group’s revenue passed the bar of EUR20 billion for the fi rst time
in its history.
All the Group’s businesses and regions experienced renewed
growth in 2010 thanks to the improvement in its end markets, its
positioning in promissing businesses and the customer focus of its
organisation. The Group also benefi ted from its strong presence in
the emerging economies, which accounted for 37% of consolidated
revenue in 2010 and experienced sustained growth of 15%.
EBITA before restructuring amounted to EUR3,052 million (2) , or
15.6% of sales, up 2.8 points over 2009, and a strong improvement
in profi tability refl ecting the solid in sales rebound and the continuous
drive for cost effi ciency on line with the strategic roadmap set under
the One program.
Measures to simplify the organisation delivered substantial savings
in support function costs and productivity gains: in purchasing, rebalancing
and production rationalisation. Confi rming the Group’s
commitment to innovation, R&D spending remained at a sustained
level at EUR818 million, or 4.2% of sales.
(1) EBITAR corresponds to EBIT before amortisation and impairment of purchase accounting intangibles assets, before goodwill
impairment and before restructuring costs.
(2) Excluding EUR25 million of Areva Distribution separation and integration costs.
(3) Excluding a EUR92 million one-off gain related to the curtailment of a US pension plan.
(4) Pro forma including the acquisition of Areva Distribution on a 12 month basis in 2010.