Firm growth in 2006 results
Legrand turned in an excellent performance in 2006. Sales showed a strong rise driven by a combination of organic and acquisition-driven growth. Operating margins increased significantly following the consolidation of a large number of acquisitions and net income more than doubled, while free cash flow generation was vigorous. Legrand thus exceeded the targets announced on its initial public offering,demonstrating its capacity to create value for its shareholders through a combination of organic growth and acquisition-led expansion financed out of cash flow, high margins and tight control of capital employed.