Legrand reported robust figures for Q1 18, including a +3.9% organic growth coming from both mature & developed countries. The adjusted operating margin before acquisitions rose thanks to the company’s ability to pass on raw material price inflation to clients. The FY18 guidance is maintained, while Q1 points now more for the top of the range. Encouraging.

04 May 2018
Well-balanced growth in Q1 18

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Well-balanced growth in Q1 18
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
04 May 2018 -
Author:
Lionel Pellicer -
Pages:
2 -
Legrand reported robust figures for Q1 18, including a +3.9% organic growth coming from both mature & developed countries. The adjusted operating margin before acquisitions rose thanks to the company’s ability to pass on raw material price inflation to clients. The FY18 guidance is maintained, while Q1 points now more for the top of the range. Encouraging.