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Legrand: tightens up FY targets.

(CercleFinance.com) - Legrand has raised its minimum targets for FY 2017, now expecting organic sales growth of between +2% and +3% (initial forecast range of 0% to +3%), with an operating margin adjusted before acquisitions of between 19.
8% and 20.1% (initial forecast range of 19.3% to 20.1%).

Over the first nine months of 2017, net income, group share grew by +11.4% to 474.3 million euros, while the group's adjusted operating margin before acquisitions reached 20.6%, up 0.6 point.

The electric infrastructure provider's revenues rose 7.7% to 3,988.3 million euros, with organic growth of 2.9%, reflecting sound performance in both emerging economies (+4.8%) and mature countries (+2.1%), particularly the US.

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