David Nicholl has revised estimates he made back in April, when he was expecting only a slight drop in sales and a 10 percent decline on the market.
“In Schneider’s case, the most significant downturn was in the first quarter on the electrical equipment for residential construction segment, due to the significant drop in the number of newly-constructed homes,” said Schneider Electric’s Country Manager. He added that the segment that worked best was that for equipment for infrastructure and commercial building construction work. “The main advantage we have compared to our competitors is that we offer integrated solutions, services and equipment, to ensure that electrical energy consumption is as efficient as possible. A company’s energy consumption can be 30 percent lower if it uses solutions offered by our company,” said Nicholl. He went on to explain that in a period in which everyone is interested in reducing costs, Schneider has registered the largest growth rate on this segment.
According to the official, energy efficient solutions could make up 30 percent of the company’s turnover in the next three years. “Global sales dropped 17.9 percent, while in Europe these dropped 19 percent. Romania was far above the European average,” added Nicholl, without offering further details. According to the company official, Schneider continues to consider acquisitions on the Romanian market.
The company’s main competitors are ABB, Moeller Electric, and Siemens.
