Legrand Press release
Solid 2015 achievements in line with targets
Stepping up initiatives linked to new technologies
On the closing of full-year accounts for 2015, Gilles Schnepp, Legrand Chairman and CEO, commented:
Legrand’s 2015 financial performance is fully in line with Group targets: organic growth in sales was +0.5% (target specified in November: “-1% to +1%”) and adjusted operating margin before acquisitions (at 2014 scope of consolidation) was 19.4% (target specified in November: “at least 19%”).
With varied market conditions from one geographical region to another, Legrand once again demonstrated its capacity to create value. Thus total sales, adjusted operating profit, net income excluding minorities and free cash flow all increased, rising by close to +7%, +6%, +4% and +10%, respectively.
As regards non-financial performance, achievements on the Group’s CSR roadmap are ahead of the projected development plan with an achievement rate of 120% at the end of 2015...
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