Report
Delphine Brault

Legrand : Le S1 nous a déçus, mais le mix est au moins autant à blâmer que Legrand

>Un S1 qui montre combien le mix géographique a pesé … - Legrand a publié vendredi des résultats S1 2020 légèrement supérieurs aux attentes, affichant notamment un recul en organique de 15.2% (consensus à -16.9% et ODDO BHF à -16%).S’agissant de la marge d’EBIT ajusté, cette dernière recule de 300 pb, contre -340 pb attendus par le css. Mais elle inclut 40 pb d’impact favorable lié aux acquisitions (Universal Electric). A noter que l’EBIT intègre 40 M€ de ch...
Underlying
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
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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