Legrand: 23% increase in 2018 adjusted net income

(CercleFinance.com) - Legrand has reported 2018 adjusted net income, group share that is up 23.
3% at 771.3 million euros, with its board of directors set to propose a dividend of 1.34 euro per share (against 1.26 euro for 2017).

Its adjusted operating margin before acquisitions reached 20.2%, for sales of 5,997.2 million euros, up 8.6% in all, up 13% excluding FX factors and up 4.9% at constant consolidation scope and exchange rates.

For 2019, Legrand has set a target for organic sales growth of between 0% and +4%, and aims for an adjusted operating margin before acquisitions (at 2018 consolidation scope) of between 19.9% and 20.7%.



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