Schneider Electric Withdraws 2020 View Due to Coronavirus
March 23 2020 - 4:35AM
Dow Jones News
By Kim Richters
Schneider Electric SE said Monday that it is scrapping its 2020
guidance and implementing cost-management measures due to the
coronavirus pandemic.
The French energy-management company said it will continue to
concentrate on cash generation and increase the efficiency measures
it has previously announced.
"At this stage and given the evolving landscape, it is too early
to determine the full impacts on Group results, including possible
benefits from government actions," it said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 23, 2020 04:20 ET (08:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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