Legrand recorded a quarterly sales increase of +2.4% (excluding exchange rates and Russia) driven by acquisitions and datacenters
Performance at end of September
9M sales trends: +0.3% excluding exchange rates and Russia
Adjusted operating margin: 20.5%
Net profit attributable to the Group: 13.4% of sales
7 acquisitions announced since the beginning of the year, including 4 in datacenters
Around €350 million additional revenue on an annual basis
2024 full-year targets specified
2030 ambitions: 2030 sales of between €12bn and €15bn, buoyed by offers linked to the energy and digital transition
Benoît Coquart, Legrand’s Chief Executive Officer, commented:
“For the first nine months of the year, sales (excluding currency effects and our exit from Russia) were stable, in a building market that remains in decline in most of our geographies...
