Legrand: H1 net income down 11%
(CercleFinance.com) - Legrand has reported an 11.
3% drop in H1 2024 net income (group share) to E577.6m, and a 1.4-point drop in adjusted operating margin before acquisitions to 20.8% of sales.
At E4.21bn, sales for the supplier of electrical equipment for the building industry fell by 2% on both a gross and organic basis, with organic declines of 0.9% in mature countries and 5.1% in new economies.
Legrand confirms its targets for 2024, including slight growth in organic sales and sales from acquisitions in the "low single digit" range, and an adjusted operating margin before acquisitions of between 20% and 20.8%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
3% drop in H1 2024 net income (group share) to E577.6m, and a 1.4-point drop in adjusted operating margin before acquisitions to 20.8% of sales.
At E4.21bn, sales for the supplier of electrical equipment for the building industry fell by 2% on both a gross and organic basis, with organic declines of 0.9% in mature countries and 5.1% in new economies.
Legrand confirms its targets for 2024, including slight growth in organic sales and sales from acquisitions in the "low single digit" range, and an adjusted operating margin before acquisitions of between 20% and 20.8%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.