Legrand reported F9M18 revenue of €4,437m, +11.3% increase yoy (+4.8% organic growth), coupled with an adjusted profit of €908m corresponding to a 20.5% margin to sales. Net profit grew by 21% yoy to €574.5m and FCF was 6.4% higher at €441.6m. In Q3 18, organic revenue growth was +3.9%, but this was impacted by a one-off in France (-4.3% yoy organic decline in Q3 18). The adjusted operating margin was 18.8% in Q3 18, 160bp lower than in Q3 17. Legrand adjusted its FY18 gui
08 Nov 2018
Disppointing Q3 margin as one-off in France weighed
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Disppointing Q3 margin as one-off in France weighed
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
08 Nov 2018 -
Author:
Lionel Pellicer -
Pages:
3
Legrand reported F9M18 revenue of €4,437m, +11.3% increase yoy (+4.8% organic growth), coupled with an adjusted profit of €908m corresponding to a 20.5% margin to sales. Net profit grew by 21% yoy to €574.5m and FCF was 6.4% higher at €441.6m. In Q3 18, organic revenue growth was +3.9%, but this was impacted by a one-off in France (-4.3% yoy organic decline in Q3 18). The adjusted operating margin was 18.8% in Q3 18, 160bp lower than in Q3 17. Legrand adjusted its FY18 gui