Legrand: Q1 earnings up 18%
(CercleFinance.com) - Legrand has announced net income, group share that is up 17.
7% at 175.3 million euros, with an operating margin adjusted before acquisitions (at 2017 consolidation scope) that is up +0.7 point at 20.4%, for Q1 2018.
At 1,445.2 million euros, the electric equipment supplier's turnover increased 9.6%, with organic growth of +3.9% reflecting sound growth in mature countries (+3.2%) and emerging economies (+5.7%).
Legrand has confirmed its targets for organic sales growth of between +1% and +4%, and an adjusted operating margin before taking into account acquisitions (consolidation scope of 2017) of between 20.0% and 20.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7% at 175.3 million euros, with an operating margin adjusted before acquisitions (at 2017 consolidation scope) that is up +0.7 point at 20.4%, for Q1 2018.
At 1,445.2 million euros, the electric equipment supplier's turnover increased 9.6%, with organic growth of +3.9% reflecting sound growth in mature countries (+3.2%) and emerging economies (+5.7%).
Legrand has confirmed its targets for organic sales growth of between +1% and +4%, and an adjusted operating margin before taking into account acquisitions (consolidation scope of 2017) of between 20.0% and 20.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.