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Financial Information Life Is On Schneider Electric Strong start to 2021 ; Revenues up + 13.5 % organic in Q1 • • FY 2021 Target upgraded • • • • Q1 Group revenues of € 6.5 billion , with growth in both business and all regions Energy Management up + 13.7 % org .; up in all regions Industrial Automation up + 12.9 % org .; Discrete automation continues strong growth trajectory , Process segments recovering more slowly Delivering on key strategic priorities : 。 Continued strong growth in Product sales , up + 17 % org . driven by underlying demand and some stocking impact 。 Good growth in Software & Services , up + 6 % org . 。 2021-2025 Schneider Sustainability Impact program underway ; Multiple customer wins linked to Sustainability Future - ready portfolio enhanced with closing of OSIsoft transaction , acquired through AVEVA ; disposal program progresses in Q1 Full year 2021 Target upgraded Rueil - Malmaison ( France ) , April 27 , 2021 - Schneider Electric announced today its first quarter revenues for the period ending March 31 , 2021 . Jean - Pascal Tricoire , Chairman and CEO commented : " We had a strong start to 2021 , driven by continued and accelerating demand in both businesses and our four end - markets . We stay focused on executing our strategy , leveraging our unique portfolio to provide customers energy and automation digital solutions for efficiency and sustainability . In Q1 our majority - owned subsidiary AVEVA completes the acquisition of OSIsoft . We also kick- start our new 5 - year Schneider Sustainability Impact program . The uncertainty surrounding the rest of 2021 remains , with recent uptick of COVID - 19 contagion in specific countries , and potential global supply - chain pressures . However , given the strong underlying demand trends witnessed in Q1 and factoring the current uncertainties as of today , we upgrade our full - year target . " I. FIRST QUARTER REVENUES WERE UP + 13.5 % ORGANIC 2021 Q1 revenues were € 6,526 million , up + 13.5 % organic and up + 11.9 % on a reported basis . Products ( 60 % of Q1 revenues ) grew + 17 % organic in Q1 , benefitting from a strong recovery in short - cycle demand as the Group continues to leverage its multi - local approach and unrivaled partner network . Growth was supplemented by some customer stocking , and by the carryover of price actions from H2 2020 , all against a low base of comparison . Growth was strong across the full product range , including the Group's offers for the Investor Relations Schneider Electric Amit Bhalla Tel : +44 20 7592 8216 www.se.com ISIN FR0000121972 Press Contact : Schneider Electric Véronique Luneau ( Roquet- Montégon ) Tel +33 ( 0 ) 1 41 29 70 76 Press Contact : DGM Michel Calzaroni Olivier Labesse Tel +33 ( 0 ) 1 40 70 11 89 Page | 1