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Finance

05/04/2012 07:30 2012 first-quarter results

Sales up 4.8%
Adjusted operating margin at 20.4%
2012 targets confirmed

Gilles Schnepp, Chairman and CEO of Legrand, comments:

« Sales
Group sales for the first quarter of 2012 showed a total rise of 4.8%, driven by an active acquisition policy that contributed 5.0%. Organic change in sales was -0.9% compared with very robust activity in the first quarter of 2011, particularly in France. Together, continued expansion in new economies, where organic growth was nearly 6%, and a rise in sales in the United States offset trends observed in most mature markets in Europe.

Results
Adjusted operating income came to €222 million or 20.4% of sales (20.8% excluding acquisitions) reflecting the group’s ability to:
- take account of the rising cost of raw materials and components consumed in sales price management
- keep expenses under control thanks to responsive teams and ongoing productivity initiatives.
These achievements confirm the soundness of Legrand’s business model and its ability to adapt.
...
 

Press release Accounts Presentation Webcast [ + ]

Sustainable developement

04/20/2012 02:07 Legrand confirmed in the FTSE4Good* index

Legrand has once again been ranked in the FTSE4Good index for 2012, after its first inclusion in 2007. This provides recognition of the importance which the Legrand Group attaches to growing its business in compliance with non-financial criteria of corporate social and environmental responsibility, thereby placing  people and the environment  at the centre of its strategy.

* Created by the global index company FTSE Group, FTSE4Good is designed to identify listed companies that are considered ethical and responsible.

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Group

04/11/2012 19:15 Success for Legrand’s new euro bond issue

Legrand today successfully launched and priced its new euro-denominated bond issue, which is for €400 million over ten years. The maturity date is April 19, 2022 and the annual coupon is 3.375%.

With the order book quickly oversubscribed more than 2 times, the success of this new issue demonstrates once again investors’ confidence in the soundness of Legrand’s business model and the quality of the group’s financial structure as attested by its A- rating from Standard and Poor’s.

Following two successful bond issues in 2010 and 2011 and the renewal of the revolving facility of its syndicated loan in the second half of 2011, Legrand is continuing to successfully diversify its sources of financing and extend the maturity of its debt, strengthening further an already very sound balance sheet.
 

Press release [ + ]

Finance

04/11/2012 19:15 Success for Legrand’s new euro bond issue

Legrand today successfully launched and priced its new euro-denominated bond issue, which is for €400 million over ten years. The maturity date is April 19, 2022 and the annual coupon is 3.375%.

With the order book quickly oversubscribed more than 2 times, the success of this new issue demonstrates once again investors’ confidence in the soundness of Legrand’s business model and the quality of the group’s financial structure as attested by its A- rating from Standard and Poor’s.

Following two successful bond issues in 2010 and 2011 and the renewal of the revolving facility of its syndicated loan in the second half of 2011, Legrand is continuing to successfully diversify its sources of financing and extend the maturity of its debt, strengthening further an already very sound balance sheet.
 

Press release [ + ]

Group

04/04/2012 10:00 Legrand wins the CEO/HR Best Tandem award 2012

Gilles Schnepp, Legrand's Chairman and Chief Executive Officer, and Xavier Couturier, Executive Vice-President Human Resources, jointly received the "positive duality" award at the 9th CEO/HR Best Tandem ceremony organised by RH&M.

This award provides recognition of the quality of the Group's Human Resources policy, which is driven by enthusiasm, a conquering spirit and the determination to innovate. It also reflects the strongly complementary profile  of these two senior managers operating in a very multifaceted Group in terms of its business activities, its staff profiles, its offerings, its facilities and its target markets.

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Group

04/02/2012 15:00 BTicino_news: a Twitter flow to follow BTicino news on real time

Bticino, a Legrand group subsidiary, announces today the launch of its Twitter news flow: Twitter : BTicino_News.
BTicino Twitter digital platform is first of all an information tool. It allows to be informed on real time of all news and events concerning BTicino around the world.
BTicino Twitter flow is available on: https://twitter.com/#!/bticino_news

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Group

03/12/2012 00:00 Legrand opens two new training facilities to support the development of the electrical trade

By providing training for all players in the electrical trade, from investors to installers, Legrand adds value to its solutions, and helps these professionals adapt to a constantly changing business. The purpose of Innoval, the Legrand Group's training provider for the residential and commercial markets, is to support all of these partners by helping them to acquire new skills in order to better understand the market. This is why Legrand recently boosted its offering by opening two new training centres close to Paris.

Press release [ + ]

Group

03/09/2012 12:00 Legrand opens an entirely new concept store in the heart of Brussels. A place to discover the Group's home systems offering

Today in Brussels, the Legrand Group is inaugurating its latest concept store, called «B Inspired», which follows on from openings in Paris and Milan within the last year. This move confirms Legrand's intention to provide spaces where the public can discover technology, and reflects its determination to innovate constantly while staying closely in touch with its customers.

These concept stores are designed to offer end users, architects, designers, distributors and contractors an original way to discover the wiring devices and home systems offerings available under the Legrand, Bticino and Vantage brands.

Press release Download image (HD) [ + ]

Sustainable developement

03/09/2012 10:00 BTicino supports the Onlus Soomaaliya Association in the construction of a Paediatric and Teaching Hospital in Hargeisa

BTicino contributes to the construction of a Paediatric and Teaching Hospital, the Mohamed Aden Sheikh Teaching Hospital, promoted by the Onlus Soomaaliya Association together with the Specchio dei Tempi and Marco Berry Onlus foundations, in Hargesia, Somaliland.

Press release [ + ]

Group

03/07/2012 16:00 Proposed appointment of two new independent directors to the Board of Directors

The Legrand Board of Directors has decided, on the recommendation of the Nominating and Compensation Committee meeting on March 7, 2012, to submit to the General Meeting of shareholders to be held on May 25, 2012 a proposal for the appointment of two new independent directors, Ms Christel Bories and Ms Angeles Garcia-Poveda.

Following the appointment of Eliane Rouyer-Chevalier to Legrand's Board of Directors in 2011, the arrivals of Christel Bories and Angeles Garcia-Poveda, subject to the approval of these resolutions by shareholders at the next General Meeting, would raise the number of independent directors further, from three to five members, and increase the number of women on the Board from one to three.

Press release [ + ]

Group

02/23/2012 08:00 Legrand continues to expand in digital infrastructures by acquiring Aegide in the Netherlands

- Legrand announces the acquisition of Aegide, market leader in VDI (Voice, Data, Image) cabinets for data centers in the Netherlands and a front-running European contender in this market
- Legrand thus strengthens its positions in the fast-growing digital infrastructure segment

After purchasing Electrorack in the US, Legrand is pursuing its development in the data-center market and today announced the acquisition of Aegide, one of the major European contenders in data-center racks and cabinets. Aegide leads the Dutch market and has strong positions in several other European countries including Belgium, Switzerland and France.

Aegide’s product ranges (cabinets, racks and related products) are sold under the Minkels brand in particular and are an ideal complement to Legrand’s offer for data centers (wire-mesh cable management, modular UPS, busbars and VDI connectivity). Aegide’s sales network and expertise will also give Legrand access to the main European players in the fast-growing data-center market. Legrand is thus strengthening its positions in the digital infrastructure business, where prospects are very promising.

Based near Eindhoven, Aegide has 170 employees and sales of €36 million.

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Sustainable developement

02/14/2012 14:00 Legrand confirmed in the SAM “Sustainability Yearbook 2012”

The rating agency SAM(1) has just published the latest edition of its annual "Sustainability Yearbook". This benchmark guide acknowledges outstanding performances in terms of corporate social and environmental responsibility in each business sector and outlines the current sustainability strategies of many major global companies.
Among the 46 companies represented in the "Electrical Components and Equipment" sector, 21 were rated by SAM in 2011, and 8 – including Legrand – chosen as “Sustainability Leaders 2012".

(1) Sustainability Asset Management GmbH

Discover the Legrand green building solutions.
 

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Group

02/09/2012 19:45 Legrand steps up expansion in India and in the UPS market by acquiring Numeric UPS

- Legrand announces the acquisition2 of Numeric UPS, India’s market leader in low- and medium-power UPS1

- The acquisition reinforces Legrand’s positions in the new economies and in the fast-growing UPS1 market

Legrand is actively pursuing its strategy of development through self-financed acquisitions of small to medium-size businesses with leading positions in their markets, and today announced the acquisition2 of Numeric UPS, the UPS division of Numeric and India’s market leader for low- and medium-power UPS1 solutions.

The Numeric UPS acquisition, which follows Legrand’s purchase of Indo Asian Switchgear in July 2010, strengthens the group’s presence in India, where it already holds strong positions in miniature circuit breakers, distribution enclosures and high-end wiring devices. Numeric UPS brings Legrand a portfolio of quality products, strong brand awareness, and an extensive sales and service network of over 1,500 employees that covers the entire nation and rounds out the group’s reach in India. Legrand is thus strengthening its presence in a fast-growing market where it has recorded organic growth in sales averaging nearly 25% a year over the past decade.

The Numeric UPS transaction comes after Legrand’s acquisitions of Inform, Turkey’s number-one UPS provider; Meta System Energy, an Italian modular UPS specialist; and SMS, Brazil’s UPS leader, and continues the group’s expansion into the promising UPS market – a business line that offers an excellent fit with energy-distribution and energy-performance activities, two of the group’s growth areas.

Based mainly in Southeast India, Numeric UPS has eight production sites, a workforce of 2,500 and its sales reach nearly €80 million.
 

 

1UPS: Uninterruptible Power Supply
2The acquisition still requires corporate approval and has already received the unanimous support of Numeric’s Board of Directors

 

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Finance

02/09/2012 07:30 2011 annual results

Performance in line with annual and medium-term targets
- Total annual growth in sales excluding exchange-rate effects: 11.2%, of which 6.4% organic growth
- Adjusted operating margin 20.2%
- Net income excluding minorities of €479 million and dividend per share of €0.93, up 6%
- Strong cash generation and sound balance sheet

Successful sales initiatives and improved medium-term growth profile

- Very positive response to numerous new product launches
- 35% of sales in new economies
- Close to 22% of sales in fast-growing new market segments

Press release Accounts Presentation Webcast [ + ]

Group

01/13/2012 08:30 Four new appointments to Legrand Executive Committee

At the suggestion of Gilles Schnepp, Legrand’s Chairman and Chief Executive Officer, the Group’s Executive Committee was expanded from 7 to 11 members effective January 1, 2012.
The new members are Antoine Burel, Group Vice President and Chief Financial Officer; Benoît Coquart, Group Vice President Strategy and Development; Xavier Couturier, Group Vice President Human Resources; and Fabrizio Fabrizi, Group Vice President Commercial Systems & Infrastructure Division. Each will draw on over 15 years of experience with the Group to contribute to Legrand’s development, working alongside the seven current members...

Press release [ + ]

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