Legrand: H1 income up 6.5%
(CercleFinance.com) - Legrand has announced H1 2019 net income, group share that is up 6.
5% at 415.3 million euros, along with an adjusted operating margin excluding acquisitions (at 2018 scope) that is stable at 20.9% of sales .
The electrical equipment supplier's sales increased by 8% to 3,226.8 million euros. Driven by progress in mature markets (+2.3%), as well as in new economies (+1.9%), organic sales growth amounted to +2.2%.
Legrand has confirmed its FY 2019 targets for organic sales growth of between 0% and +4%, and an adjusted operating margin before acquisitions (at 2018 scope) of between 19.9% and 20.7%.
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