Solid performance in the first quarter of 2018

Sales: +9.6%, of which +3.9% organic growth
Adjusted operating profit: +11.9%
Net profit attributable to the Group: +17.7%

Ongoing growth initiatives
2018 targets confirmed

Benoît Coquart, Legrand Chief Executive Officer, commented:

“Solid performance in the first quarter of 2018

Organic growth in sales came to +3.9% in the first quarter of 2018. This solid performance reflects healthy rises in both mature countries (+3.2%) and new economies (+5.7%) – and more specifically, very good growth, in part one-off, recorded in Italy and in the Rest of Europe.

Taking into account the broader scope of consolidation’s significant +14.0% contribution to sales (which should reach over +7% full year) and the -7.5% foreign-exchange impact (linked primarily to the euro’s rise), total growth in Group sales was +9.6% in the first quarter of 2018.

Reflecting Legrand’s capacity to pursue its value-creating growth, adjusted operating profit rose +11.9% and adjusted operating margin before acquisitions (at 2017 scope of consolidation) stood at 20.4%, 
an increase of +0.7 points from the first quarter of 2017.

Net profit attributable to the Group reached €175.3 million, a +17.7% rise that reflects a good operating performance, lower financial expense, and the favorable impact of reductions in corporate tax rates in the United States...

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