Legrand Press release
Solid achievements in first quarter
2014 targets confirmed
Development of group positions
Gilles Schnepp, Chairman and CEO of Legrand, comments:
“Sales rose +4.8% in the first quarter of 2014 excluding the exchange-rate effect. The broader scope of consolidation linked to acquisitions made a +2.7% contribution to growth, and organic growth in sales was +2.0% in line with the group’s full-year target. New economies and the USA/Canada region turned in another robust performance and, at the same time, many other mature countries reported good showings. In particular, several countries in Europe benefited from favorable bases for comparison. The total change in sales was -0.8% given an exchange-rate effect of -5.3%..."
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