Report
Eric Lemarie

LEGRAND NEUTRAL | EUR94 VS. EUR92 Ready for leverage from solid long term drivers (capital market day feedback)

LEGRAND NEUTRAL | EUR94 VS. EUR92

Ready for leverage from solid long term drivers (capital market day feedback)


Top line organic growth is about to accelerate…
… on the back of a good positioning, innovation & favorable megatrends
Neutral maintained on the back of unchanged mid-term guidance.
Underlyings
Legrand SA

Legrand is a global specialist in electrical and digital building infrastructure based in France. Co. offers a full range of control-and-command, cable management, energy distribution and "Voice-Data-Image" products and systems which are suitable for the international commercial, industrial, and residential segments of the low voltage market. Co. markets its products under internationally recognized general brand names, including Legrand and Bticino. Each product group is marketed in all of Co.'s major geographic markets (France, Italy, Rest of Europe, USA/Canada and Rest of the World).

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Eric Lemarie

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