A strong Q4 17, including 3.6% organic growth led by France (+5.8%) and Italy (+5.7%). The adjusted operating margin was a tick lower in Q4 17 at 19% (versus 20% in 9M17) but, for the whole year 2017, the OP is finally in the higher range of the company’s guidance. The prospects remain positive for 2018, and the company aims to continue to grow organically by a low single-digit (1-4%) coupled with an operating margin between 20% and 20.5%.
08 Feb 2018
Organic growth is back, set to continue in 2018
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Organic growth is back, set to continue in 2018
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
08 Feb 2018 -
Author:
Lionel Pellicer -
Pages:
3
A strong Q4 17, including 3.6% organic growth led by France (+5.8%) and Italy (+5.7%). The adjusted operating margin was a tick lower in Q4 17 at 19% (versus 20% in 9M17) but, for the whole year 2017, the OP is finally in the higher range of the company’s guidance. The prospects remain positive for 2018, and the company aims to continue to grow organically by a low single-digit (1-4%) coupled with an operating margin between 20% and 20.5%.