CORRECTED-Schneider Electric estimates coronavirus costs at 300 million euros [Reuters]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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schneider-electric.com/en/about-us/investor-relations
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Source: Reuters
(Corrects to show Asia-Pacific accounts for 29% of revenues in paragraph 5) Feb 20 France's Schneider Electric expects the outbreak of a new coronavirus to cost it around 300 million euros ($323.91 million) in the first quarter, it said on Thursday. "The Group is assessing the impact of the coronavirus to the business," the company said in a statement, adding that it will be felt mostly in China due to factory closures in January and February. The virus, which
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