2023-11-08 02:42:25 ET
- LeGrand press release ( OTCPK:LGRVF ): Q3 Revenue of €6.31B (+2.6% Y/Y), +5.8% excluding exchange rates and Russia.Adjusted operating margin: 21.6% of sales.Rise in net earnings per share: +15.9%.Free cash flow: €1,214 million, 19.2% of sales.
- 2023 full-year targets specified: Legrand has now set the following full-year targets for 2023:Sales growth (excl. FX and Russia): around +5% (vs +5% and +8% previously), including an organic growth of between +2.5% and +3.5% and a scope of consolidation effect linked to acquisitions of close to +2%;
- Adjusted operating margin: 20.5% to 21.0% of sales before acquisitions and Russia
For further details see:
LeGrand reports nine months ended results; updates FY23 outlook