Legrand Legrand

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05/07/2013 07:30
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2013 first-quarter results in keeping with Legrand’s development plan
2013 targets confirmed

First-quarter achievements:
- Total growth in sales excluding exchange-rate effects: +2%, of which -0.6% organic growth
- Adjusted operating margin excluding acquisitions: 20.2% of sales (19.8% including acquisitions)
- Based on these achievements, Legrand confirms its 2013 targets

Group’s profitable growth profile strengthened:
- Commercial positions improved further, particularly in growing markets (United States plus new economies)
- Continued productivity initiatives

Gilles Schnepp, Chairman and CEO of Legrand, comments:
“Group sales for the first quarter of 2013 showed a total rise of 0.6%, or 2.0% excluding exchange-rate effects, underpinned by a broader scope of consolidation linked to acquisitions that contributed 2.7% of the total. At the same time, organic growth in sales was -0.6% in a market environment with highly differentiated business trends from one country to the other...

 

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