Legrand : Feedback from road show: cautious confidence
>Weakness of Q4 2019 margins attributable to demanding comparison base - We will not go in to detail on the results (cf. page 2 of this flash or our flash published last Thursday “Good Q4 in terms of growth and cautious 2020 targetsâ€).We understand that the disappointment about the adjusted Q4 EBIT margin (-60bp to 18.9%) is attributable to the dilution of acquisitions (-60bp) and a demanding comparison base effect, particularly for Europe. The group does not thi...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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