Legrand Legrand

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11/07/2013 07:30
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Results for the first nine months of 2013

Solid performances
Steady sales in organic terms
Adjusted operating margin before acquisitions of 20.5% of sales

New 2013 targets
Narrowing to -1%/+1% of target for organic growth in sales (initially: -2%/+2%)
Rise from 19% to 19.5% in minimum target for adjusted operating margin before acquisitions

Gilles Schnepp, Chairman and CEO of Legrand, comments:
"Solid performances
In the first nine months of the year, Legrand sales were steady at constant scope of consolidation and exchange rates. Excluding exchange-rate effects and including the broader scope of consolidation resulting from acquisitions, sales were up +2.1%. In a generally lackluster economic environment, good showings in new economies (+5.9% organic growth) and in the United States/Canada region (+6.5% organic growth) offset lower sales in other mature countries. The exchange-rate impact was -2.5% and the total change in sales was -0.5%...

 

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