Moreover, major Internet projects, designed to improve administrative productivity and facilitate customer relations, are well under way. The Schneider Electric SA Board of Directors has decided to set up the new corporate governance resulting from its alliance with Legrand as soon as possible. No other dividends will be distributed for the year 2000. The year will be highlighted by the alliance with Legrand. The current financial year should see sustained growth in business activity in Europe and the rest of the world.
Moderate growth is forecasted in North America.
It will become a sector benchmark and worldwide leader in the field of electrical distribution and industrial control and automation, with a broader product line-up and a stronger financial base. This alliance constitutes a decisive stage in the group's growth strategy.