Legrand posted a solid set of numbers for its Q4/FY18 results. 2018 sales reached €5,997m, an 8.6% change yoy of which 4.9% organic. For Q4 18 alone, organic growth reached 5.2%. The adjusted operating profit was €1,212m, a 9.7% increase yoy and corresponding to a 20.2% margin. For Q418 alone, the margin was 19.9%, up 100bp from 18.9% in Q4 17. The net attributable profit was up 23% to €772m for FY18, leading to a strong FCF of €746m. Legrand expects organic growth in sale
14 Feb 2019
Positive surprise in Q4 organic growth driven by Italy
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Positive surprise in Q4 organic growth driven by Italy
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
14 Feb 2019 -
Author:
Lionel Pellicer -
Pages:
2
Legrand posted a solid set of numbers for its Q4/FY18 results. 2018 sales reached €5,997m, an 8.6% change yoy of which 4.9% organic. For Q4 18 alone, organic growth reached 5.2%. The adjusted operating profit was €1,212m, a 9.7% increase yoy and corresponding to a 20.2% margin. For Q418 alone, the margin was 19.9%, up 100bp from 18.9% in Q4 17. The net attributable profit was up 23% to €772m for FY18, leading to a strong FCF of €746m. Legrand expects organic growth in sale