2023-07-31 03:58:26 ET
- Legrand SA press release ( OTCPK:LGRDY ): 1H GAAP EPS of €2.45.
- Revenue of €4.29B (+4.9% Y/Y).
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Free cash flow came to 18.9% of sales over the period, to total €813.8 million. Normalized free cash flow was up +11.4% at 17.9% of sales.
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The ratio of net debt to EBITDA stood at 1.2 on June 30, 2023.
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Legrand Group’s cash position stood at €2.9 billion, and the maturity of gross debt — with over 90% in fixed-rate instruments — was 4.6 years.
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2023 full-year targets revised : Sales growth (excluding exchange rates and Russia): +5% to +8%; Adjusted operating margin (before acquisitions and Russia): ~20.5% of sales.
For further details see:
Legrand SA GAAP EPS of €2.45, revenue of €4.29B; updates FY23 guidance