Legrand again beat consensus estimates across all metrics. Organic sales growth was above the group’s guidance with margins improving sequentially. Pricing effects were even more evident in this quarter with volumes growing only infinitesimally. The former along with good cost control helped Legrand to evade the margin headwinds. Strong growth was seen across all geographies. CFO and FCF were lower on account of higher working capital requirements. Given this strong result, Legrand raised its or ....
