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
Legrand has taken note of the enforceable decision of the French Competition Authority ordering Legrand to pay a fine of €43 million for the application of derogated prices on the French market between 2012 and 2015.
Legrand categorically rejects the allegation made against it and reserves the right to appeal this decision.
Legrand reiterates its firm commitment to comply strictly with applicable law, in particular competition law.
Legrand is hosting a Capital Markets Day in London on September 24, 2024, webcast live.
For the Group, this event is an opportunity to outline the pillars of its intensely value-creating strategic model and announce its ambitions for 2030.
Good resilience in the first half, including sales growth in the second quarter and very firm margins
H1 sales trends: -2.0%, i.e. -0.7% excluding exchange rates and Russia
Adjusted operating margin: 20.7%
Net profit attributable to the Group:13.7% of sales
