Main facts The group’s revenue reached €1190m, +1.9% organic growth including +7.6% in North America (+6.9% in the US alone) and +4.7% in Italy, partly offset by -4% in France – despite improving leading indicators – and ROW (-2.4%). The adjusted operating profit reached €226.77m, corresponding to a 19.1% margin (versus 18.8% in Q1 15), while net debt was lowered to €790m versus €866m last year. Legrand confirmed its FY16 target of organic growth between
04 May 2016
Solid Q1 16 figures boosted by a strong US
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Solid Q1 16 figures boosted by a strong US
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
04 May 2016 -
Author:
Lionel Pellicer -
Pages:
2
Main facts The group’s revenue reached €1190m, +1.9% organic growth including +7.6% in North America (+6.9% in the US alone) and +4.7% in Italy, partly offset by -4% in France – despite improving leading indicators – and ROW (-2.4%). The adjusted operating profit reached €226.77m, corresponding to a 19.1% margin (versus 18.8% in Q1 15), while net debt was lowered to €790m versus €866m last year. Legrand confirmed its FY16 target of organic growth between