Legrand reported a lacklustre set of Q2 results, albeit in line with expectations. The organic revenue growth of +1.5% was not really convincing and the operating margin declined 40bp to 21.3% (or 22% adjusted for acquisitions). Management is confident regarding the activity in H2 which should benefit from favourable comps and several new product launches.
30 Jul 2019
Q2 19: high on cash unlike growth
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Q2 19: high on cash unlike growth
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
30 Jul 2019 -
Author:
Luis Pereira -
Pages:
2
Legrand reported a lacklustre set of Q2 results, albeit in line with expectations. The organic revenue growth of +1.5% was not really convincing and the operating margin declined 40bp to 21.3% (or 22% adjusted for acquisitions). Management is confident regarding the activity in H2 which should benefit from favourable comps and several new product launches.