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Group

06/28/2017 07:30 Inside information 
Legrand pursues the reinforcement of its positions in digital infrastructure by acquiring Milestone AV Technologies LLC in the United States

Legrand today announced that it has signed an agreement to purchase US company Milestone AV Technologies LLC (“Milestone”), a frontrunner in Audio Video (AV) infrastructure and power, a high-value segment of the digital infrastructure market. 

Highlights:

Milestone – Strong leading positions in high-value segments
- Attractive business driven by megatrends (100% of Milestone sales are in new business segments );
- Strong market positions, with over 75% of Milestone sales made with products #1 or #2 in their market;
- Well known, trusted and innovative brands with a best-in-class customer-centric approach; 
- A knowledgeable and experienced management team;
- Highly complementary to Legrand’s existing positions in AV in the US (Middle Atlantic Products brand);
- In 2016, sales of $464m, adjusted  operating  margin of 21% and free cash flow at 12.5% of sales.  

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Group

06/22/2017 07:30 Legrand strengthens its positions in digital infrastructure by purchasing Server Technology, Inc.

Legrand is pursuing its development with bolt-on acquisitions and today announced the purchase of Server Technology, Inc., a US frontrunner in intelligent PDUs for datacenters. 

Legrand is already present in the datacenter market through companies specializing in VDI cabinets (Ortronics, Electrorack and AFCO Systems Group in the United States, Aegide/Minkels in the Netherlands, SJ Manufacturing in Singapore and Valrack in India), in PDUs as well as KVM switches and their applications (Raritan in the United States) and in pre-terminated solutions (Lastar/Quiktron in the United States). The Group thus rounds out its product offering in the buoyant datacenter market by adding Server Technology, Inc.’s range of intelligent PDUs. 

More generally, Legrand is strengthening its presence in the growing market for digital infrastructure, one of the Group’s four buoyant new business segments, driven by the rise in data flow volumes, linked in particular to growth in connected objects and rising demand for ever more energy-saving solutions. 

Based in Reno, Nevada, Server Technology, Inc. has some 200 employees and annual revenues of over $110 million.

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Finance

05/10/2017 07:30 2017 first-quarter results

Sustained, profitable growth in the first quarter of 2017
Organic growth in sales: +4.6%
Rise in adjusted operating profit: +14.5%
Increase in net income excluding minority interests: +17.0%
Ongoing active external growth
2017 targets confirmed

Gilles Schnepp, Chairman and CEO of Legrand, commented:

Sustained, profitable growth in the first quarter of 2017 

The growth momentum observed in 2016 continued in the first quarter of 2017, with sustained organic growth in sales of +4.6%, driven by all geographic regions but also benefiting from a positive calendar effect and orders placed in advance by some distributors.

The impact of the broader scope of consolidation on sales stood at +3.9% and the exchange-rate effect was favorable at +2.0%. Total Group sales rose by nearly +11%.

Adjusted operating profit came to €259.5 million, up €32.8 million or +14.5% from the first quarter of 2016, reflecting Legrand’s capacity to create value through profitable growth. Adjusted operating margin before acquisitions (at 2016 scope of consolidation) stood at 19.8% of sales (19.7% including acquisitions), compared with 19.1% in the first quarter of 2016.

Net result excluding minority interests is up +17.0% compared with the first quarter of 2016....

 

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Group

02/21/2017 08:00 The Smarther Legrand thermostat awarded a prize at the iF DESIGN AWARD 2017

The work of the Legrand team of designers and engineers has given rise to a project which, once again, has received a prestigious international recognition.

With its innovative Smarther thermostat Legrand has won the 2017 edition of the iF Design Award, in the Building Technology category.

The iF Product Design Award, introduced in 1954 and conferred annually by the iF International Forum Design, is one of the most important international product design prizes. Each year a selected jury of world-renowned experts evaluates more than 5,000 entries from around 70 nations from around the world, to identify the most original and up-to-the-minute design products and projects.

Smarther is a connected flush or wall-mounting thermostat, of innovative design, to manage heating and air conditioning. The Smarther thermostat gives an intuitive experience for perfect heating control.

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Finance

02/09/2017 07:30 2016 Results

Acceleration of Legrand’s two growth drivers
Growth in sales excluding exchange-rate effect: +6.5% (compared with +2.1% in 2015)
Ongoing success of Eliot program: nearly +40% total growth in sales of connected products
8 bolt-on acquisitions made

Solid integrated performance, targets fully met
Organic growth in sales: +1.8%; near the high end of the target (+2%)
Adjusted operating margin before acquisitions: 19.7%; exceeds the high end of the raised target (19.6%)
Growth in adjusted net income excluding minority interests: +3.0%; proposed dividend: €1.19
Achievement rate of CSR roadmap: 122%

On the closing of full-year accounts for 2016, Gilles Schnepp, Legrand Chairman and CEO, commented:

Acceleration of Legrand’s two growth drivers

In 2016, Legrand continued to expand its market positions by accelerating organic growth, driven by innovation and many commercial initiatives, and by stepping up the pace of acquisitions.

Legrand invested €248m in R&D in 2016, actively pursuing an innovation strategy that saw the launch of many new products again this year, among them the new Ekinox3 cabinet line in India and the Domino Sencia user interface range in Latin America. In connected products, the Group has successfully continued to deploy its Eliot program: in addition to strong showings in its Digital Lighting Management and intelligent PDUs3 offerings in the United States, where Eliot was rolled out in November 2016, Legrand has strengthened its product offering with ranges such as Class 300X door entry systems, whose launch was particularly well received in France and Italy in 2016. At the 2017 Las Vegas CES4, Legrand introduced “Celiane with Netatmo”, a connected switch and socket solution. More generally, with nearly +40% total growth in sales of connected products in 2016, the Group is ahead of schedule and will continue to deploy Eliot in new countries in 2017...

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Social Responsability

02/06/2017 10:00 The Global 100 ranking includes Legrand for the third year running

For the third year in succession, Legrand has been included among the “Global 100 most sustainable corporations”, ranking 59th in 2017.

Drawn up each year by Corporate Knights*, the Global 100 ranking is published at the World Economic Forum in Davos (Switzerland). It provides an index of the 100 corporations worldwide most committed to sustainable development.

This year’s ranking was established on the basis of a detailed analysis of 4 973 companies from all sectors of economic activity, which were rated according to a set of 14 key performance indicators combining financial performance and CSR (Corporate Social Responsibility) performance factors.

Legrand’s inclusion in the Global 100 underlines the way CSR has been placed at the core of the Group’s development strategy.

Find out more about the Global 100.

*Corporate Knights is an independent organization, founded in 2002 and based in Toronto, promoting responsible capitalism.

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Group

02/01/2017 08:00 Acquisition of OCL US specialist in architectural lighting solutions

Legrand is actively pursuing its strategy of bolt-on acquisitions, and announced today its ninth acquisition in the last twelve months with the purchase of OCL, specialized in architectural lighting solutions for commercial and high-end residential buildings in the United States.

Based in Saint Louis, Missouri, OCL has around 60 employees and reports annual sales of about $15m, mainly in the United States.

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Group

01/05/2017 09:00 Legrand at CES 2017: the Eliot program dynamic has gathered momentum Legrand presents its connected innovations

For the third consecutive year, Legrand, as a global specialist in electrical and digital building infrastructures, is participating in the Consumer Electronics Show (CES) at Las Vegas from January 5 to 8, 2017. To illustrate the accelerated deployment of its Eliot program, Legrand is introducing a new connected home control solution, Céliane with Netatmo, a new connected door entry system, Classe 300, and the Digital Lighting Management system, a connected professional lighting management solution. This focus on the Eliot program is further accentuated by putting the spotlight on Legrand’s partnerships. Coming in the wake of the recent launch of Eliot in the US, this participation at CES 2017 evidences the innovation dynamic nurtured by Legrand around the Internet of Things and the notion of interoperability.

Our attendance at CES 2017 reflects our global ambitions on the intelligent building market”, states Gilles Schnepp, Chairman and CEO of Legrand. “Our strategy involves developing innovative connected solutions, setting up suitable infrastructure, and promoting interoperability through partnerships so as to adapt to all requirements.” 

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> Céliane with netatmo
> Eliot program

 

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