Legrand: Q1 2019 earnings up 8.6%
(CercleFinance.com) - For Q1 2019, Legrand reports net attributable income that is up 8.
6% at 190.4 million euros, with an adjusted operating margin, excluding acquisitions (at 2018 consolidation scope) of 19.8%.
At 1,550 million euros, the electrical equipment supplier's sales rose by 7.3%, with organic growth of +2.9%, boosted by a 1.9% increase in its consolidation scope and a positive currency effect of +2.3%.
Legrand confirms its 2019 target of organic sales growth of between 0% and +4% in 2019, along with a target of an adjusted operating margin before acquisitions (at 2018 consolidation scope) of between 19.9% and 20.7%.
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6% at 190.4 million euros, with an adjusted operating margin, excluding acquisitions (at 2018 consolidation scope) of 19.8%.
At 1,550 million euros, the electrical equipment supplier's sales rose by 7.3%, with organic growth of +2.9%, boosted by a 1.9% increase in its consolidation scope and a positive currency effect of +2.3%.
Legrand confirms its 2019 target of organic sales growth of between 0% and +4% in 2019, along with a target of an adjusted operating margin before acquisitions (at 2018 consolidation scope) of between 19.9% and 20.7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.