Legrand published Q4 15 results in line with market expectations but gave a cautious guidance for 2016. * Q4 15 organic growth was +0.9% yoy (of which France -1.6%, North America +4.3%, Italy +0.9% and ROW +0.6%). * FY15 sales grew 6.9% yoy to €4,810m (vs €4,499m in FY14) due to FX tailwinds (+4.7%), external growth (+1.5%) and a small 0.5% organic growth (vs guidance between -1% and +1%). * Adjusted operating margin was 19.4% (vs a target above 19%). The company proposed a dividend
12 Feb 2016
Cautious on 2016, but growth potential intact
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Cautious on 2016, but growth potential intact
Legrand SA (LR:WBO) | 0 0 0.6% | Mkt Cap: 16,627m
- Published:
12 Feb 2016 -
Author:
Lionel Pellicer -
Pages:
3
Legrand published Q4 15 results in line with market expectations but gave a cautious guidance for 2016. * Q4 15 organic growth was +0.9% yoy (of which France -1.6%, North America +4.3%, Italy +0.9% and ROW +0.6%). * FY15 sales grew 6.9% yoy to €4,810m (vs €4,499m in FY14) due to FX tailwinds (+4.7%), external growth (+1.5%) and a small 0.5% organic growth (vs guidance between -1% and +1%). * Adjusted operating margin was 19.4% (vs a target above 19%). The company proposed a dividend