Record financial results and solid ESG performance in 2021

The more rapid pace of our profitable and responsible value creation was evident in Legrand’s 2021 performance, following an unprecedent 2020, which highlighted the resilience of our business model. From a financial perspective, the Group posted record results in a still changing environment (pandemic and supply chain pressures):

• sales of €7 billion, up 14.7% on the previous year and up 5.6% versus 2019, powered by marked organic growth of 13.6% over the year and of 3.7% versus 2019;
   
• adjusted operating profit representing 20.5% of sales, up 8.1% versus 2019, and net profit up 32.8% versus 2020 and up 8.3% versus 2019; and
   
• normalized free cash flow representing 15.4% of full-year sales. Our non-financial performance was also very strong. Our fourth CSR roadmap’s overall achievement rate was 131% in 2021, its final year, reflecting the full part played by all countries. Particularly noteworthy was the substantial reduction of 28% in our direct CO₂ emissions

Benoit Coquart,
Chief Executive Officer