2008 Full-year results in line with targets
Structural adaptation of costs
In 2008 the responsiveness of Legrand teams enabled us to post solid performances. Over the year as a whole, sales were up 1.8% or 4.1% excluding exchange-rate effects, and adjusted operating margin represented 16.6% of sales, or 17.7% excluding restructuring charges, figure identical to that in 2007.
Action initiated from the beginning of 2008 to adapt our group structure to new market conditions resulted in...