Legrand Hits High End of Guidance for 2017; North America and France Carry Risks Into 2018
At the group level, Legrand's 2017 results were positive, but the outlook for 2018 looks riskier, with North America growth still flagging and France facing more normalised comparable figures. Earnings came in at the high end of the company's organic revenue growth and EBIT margin guidance at 3.1% and 20.1%, respectively. Three fourths of the company's revenue comes from three markets: France, North and Central America, and Italy. Italy and North America organic revenue grew 2.8% and 1.9%, respe...
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