Schneider sees 2014 forex impact similar to 2013
PARIS Feb 20 (Reuters) - Schneider Electric expects the impact of adverse exchange rates on both sales and operating margin this year to be similar to that seen in 2013, Chief Financial Officer Emmanuel Babeau told Reuters on Thursday.
The electrical gear maker said earlier that adverse exchange rates in emerging markets, notably in Russia, India, Brazil and Indonesia, had slashed 879 million euros ($1.21 billion) off full-year sales - or 3.7 percentage points of revenue growth - and 0.42 percentage points off its adjusted EBITA margin. ($1 = 0.7271 euros) (Reporting by Natalie Huet; Editing by James Regan)
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