Legrand: FY earnings up 13.2%

(CercleFinance.com) - Legrand has published FY 2017 net income, group share, that is up 13.
2% at 711.2 million euros, as well as an adjusted operating margin before acquisitions of 20.1%, against an initial target range of 19.3% to 20.1%.

The electrical equipment supplier saw its annual revenues rise by 10% to 5,520.8 million euros, including external growth (+7.8%), with organic sales growth of 3.1%, thus exceeding its initial target range of 0% to 3%.

Legrand's Board of Directors will propose a dividend of 1.26 euro per share for 2017. For 2018, Legrand targets organic sales growth of between 1% and 4%, as well as an adjusted operating margin before taking acquisitions into account, of between 20% and 20.5%.

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