Legrand reported solid Q3 17 figures. Q3 17 sales increased by 2.4% organically, mainly driven by Europe. For the first 9M17, revenue increased by 7.7% In Q3, the operating margin was 19.5%, in line with H1 17, as well as the adjusted margin before acquisitions at 20.6%. For the first 9M17, the operating profit increased by 10% yoy. Net profit increased by 11.4% for the first 9M17, while the normalised FCF increased by 12.2% to €542m. Net debt was €2,284m (a +99% increase yoy) as a
07 Nov 2017
Solid Q3 results with no surprises
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Solid Q3 results with no surprises
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
07 Nov 2017 -
Author:
Lionel Pellicer -
Pages:
3
Legrand reported solid Q3 17 figures. Q3 17 sales increased by 2.4% organically, mainly driven by Europe. For the first 9M17, revenue increased by 7.7% In Q3, the operating margin was 19.5%, in line with H1 17, as well as the adjusted margin before acquisitions at 20.6%. For the first 9M17, the operating profit increased by 10% yoy. Net profit increased by 11.4% for the first 9M17, while the normalised FCF increased by 12.2% to €542m. Net debt was €2,284m (a +99% increase yoy) as a