Legrand: 9m net income up 21%
(CercleFinance.com) - Legrand has published 9m 2018 net income group share of 574.
5 million euros, up 21.1%, with an adjusted operating margin of 20.5%, up 0.1 point relative to the same period of 2017.
Revenues of the electrical equipment supplier came in at 4,437.4 million euro, up 11.3% overall, with an organic sales growth of +4.8%, including +3.9% in mature countries and +7.1% in new economies.
Excluding an economic slowdown before the end of the year, Legrand confirms and specifies its annual targets, thus targeting organic growth of close to 4%, and an adjusted operating margin, before acquisitions, of between 20% and 20.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5 million euros, up 21.1%, with an adjusted operating margin of 20.5%, up 0.1 point relative to the same period of 2017.
Revenues of the electrical equipment supplier came in at 4,437.4 million euro, up 11.3% overall, with an organic sales growth of +4.8%, including +3.9% in mature countries and +7.1% in new economies.
Excluding an economic slowdown before the end of the year, Legrand confirms and specifies its annual targets, thus targeting organic growth of close to 4%, and an adjusted operating margin, before acquisitions, of between 20% and 20.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.