Legrand reported its Q3 15 results, which look mixed at first take but overall are reassuring. 9M 15 sales reached €3.56bn, +7.1% yoy, of which +0.4% organic. The North American area reported a +32.1% rise in the period. The adjusted operating margin before acquisition costs reached 19.8% of sales. In Q3 alone, organic growth surged to 1.5% with a strong contribution from Italy (+2.6%) and the US (+5.4%) while the ROW remained sluggish at -0.3%. The operating margin was a tick lower in Q
05 Nov 2015
Italy is bottoming out while US traction continues
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Italy is bottoming out while US traction continues
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
05 Nov 2015 -
Author:
Lionel Pellicer -
Pages:
2
Legrand reported its Q3 15 results, which look mixed at first take but overall are reassuring. 9M 15 sales reached €3.56bn, +7.1% yoy, of which +0.4% organic. The North American area reported a +32.1% rise in the period. The adjusted operating margin before acquisition costs reached 19.8% of sales. In Q3 alone, organic growth surged to 1.5% with a strong contribution from Italy (+2.6%) and the US (+5.4%) while the ROW remained sluggish at -0.3%. The operating margin was a tick lower in Q