2012 first-half results
Sales up 5.5%
Adjusted operating margin at 20.5%
2012 targets confirmed
Gilles Schnepp, Chairman and CEO of Legrand, comments:
Total group sales for the first half of 2012 rose 5.5%, with our policy of targeted, self-financed acquisitions contributing 5.4%. The organic change in sales was -1.3% due to a high basis for comparison in the first half of 2011, particularly in France. Expansion in new economies − where organic growth was over 5% − combined with a rise in sales in the United States offset trends observed in most mature economies in Europe. The exchange-rate effect accounted for +1.5% of sales growth...