Results for the first nine months of 2012
Total growth in net sales: +5.9%
Adjusted operating margin: 20.3%
Rise in free cash flow: +16.7%
Gilles Schnepp, Chairman and CEO of Legrand, comments:
In the first nine months of 2012, Legrand reported total growth in net sales of nearly +6%, underpinned by acquisitions (+5.4%) and a favorable exchange-rate effect (+2.1%), while the organic change in sales was -1.6%.
Over the same period, adjusted operating margin stood at 20.3% of sales (20.6% excluding acquisitions) and free cash flow rose nearly +17% to represent 13.4% of sales, enabling the group to fully self-finance its development.
These solid performances illustrate the quality of Legrand's commercial positions and its ability to keep pricing management under control, as well as the results of its policy of ongoing improvement in productivity, its capacity to adapt and its teams' responsiveness...