Legrand: 9m net income up 9%
(CercleFinance.com) - Legrand has reported 9m 2019 net income, group share that is up 8.
8% at 625 million euros, with an adjusted operating margin of 20.4%, which reached 20.8% before acquisitions (with its 2018 scope).
The electrical equipment supplier's revenues rose by 10.2% to 4,888.9 million euros, with organic growth of 2.3%, including 2.6% in mature countries and 1.5% in new economies.
Legrand confirms its annual targets for organic sales growth of between 0% and 4% and an adjusted operating margin before acquisitions (with its 2018 consolidation scope) of between 19.9% and 20.7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.