2010Annual Report - Schneider Electric CZ, s.r.o.
2010Annual Report - Schneider Electric CZ, s.r.o.
2010Annual Report - Schneider Electric CZ, s.r.o.
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A signifi cant improvement in profi tability<br />
The strategy pursued since 2009 under the One company<br />
programme largely contributed to the strong growth in 2010, as<br />
well as the clear improvement of our margins. By simplifying our<br />
organisation, we have gained in effi ciency, reduced costs and<br />
improved our competitive position structurally. <strong>Schneider</strong> <strong>Electric</strong><br />
is today turned towards its end markets, as each business is<br />
leveraging the company’s entire portfolio for its key customers.<br />
We have also simplifi ed the supply chain, concentrated the<br />
number of suppliers and reorganised our IT systems. Therefore,<br />
the strong rebound of our business in 2010 was immediately<br />
translated into our results. As a consequence, we will propose<br />
to our shareholders a raised dividend of EUR3.20 per share,<br />
but also make all the necessary investments to drive continuous<br />
growth. In particular, we are increasing our investments in R&D<br />
and in innovation, which account for 4% to 5% of sales, and in<br />
developing new businesses, mainly in energy effi ciency solutions,<br />
systems for renewable energies and services.<br />
A commitment on all fronts to sustainable development<br />
Sustainable development is a conviction, a commitment at all<br />
levels of the company and in all its dimensions, from a ethical,<br />
social, environmental or corporate perspective. This is also an<br />
important growth driver for <strong>Schneider</strong> <strong>Electric</strong> which has decided<br />
since long ago to pursue a pro-active, innovative and concrete<br />
policy, whose effi ciency is measured regularly.<br />
<strong>Schneider</strong> <strong>Electric</strong>’s employees are the main drivers of this<br />
growth and the company’s success. Their diverse skills represent<br />
an incomparable advantage for our company. Located in more<br />
than 100 countries, we want to attract and work with the best<br />
talents in the world on global topics and to adapt the strategy to<br />
local conditions. All these diverse skills are a source of creativity<br />
and competitiveness, not only between different nationalities,<br />
but in gender also, and we actively encourage this. We pay very<br />
particular attention to developing our employees’ skills, in order to<br />
speed up their career development.<br />
MESSAGE FROM JEAN-PASCAL TRICOIRE<br />
PRESIDENT AND CEO<br />
On the environmental front, <strong>Schneider</strong> <strong>Electric</strong> wants to be<br />
exemplary in managing the environmental impact of its sites and<br />
on its energy consumption. In parallel, we are proud to support<br />
our customers in their approach to sustainable development by<br />
providing an increasingly wide range of environment-friendly offers<br />
and precise information on their characteristics.<br />
At the corporate level, <strong>Schneider</strong> <strong>Electric</strong>’s commitment and its<br />
capacity for innovation are extremely well illustrated by BipBop,<br />
the access to energy programme. It offers products and solutions<br />
for 300 million households across the world lacking access to<br />
electricity, training for young people in the electricity fi eld, but<br />
also the necessary funding for the business initiatives among<br />
the poorest populations in the world. The project was launched<br />
in India in 2009, with the design of a modular solution for low<br />
consumption lighting, In-Diya. In 2010, the BipBop programme<br />
was rolled out in Southern Asia, in Africa and in Latin America.<br />
The continuous growth dynamic<br />
We enter 2011 with a solid momentum. The development<br />
of new zones of the planet is continuing, creating more needs<br />
for electrifi cation, infrastructures and industrialisation that are<br />
fundamentally positive for our company. With rapid digitalisation of<br />
the economy and an increasing number of critical applications, we<br />
guarantee reliability. With energy costs spiraling in many countries,<br />
we provide energy effi ciency. Finally, the smart grid is becoming<br />
more and more critical and it will bring profound changes to our<br />
industry.<br />
We are positioning ourselves in a structured manner to seize all<br />
these opportunities and to generate strong growth in this new<br />
phase of the business cycle. We will continue to implement our<br />
strategy and to invest heavily in the technologies to support its<br />
implementation. We owe our performance to our employees in the<br />
past year. It is our priority to continue to invest in their skills and<br />
their ideas, so as to give them the means to develop our common<br />
project. <strong>Schneider</strong> <strong>Electric</strong>’s growth should also represent a<br />
considerable opportunity for the personal development of our<br />
employees.<br />
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 3