Legrand : Le T1 déçoit, à l’exception du FCF, nous ajustons nos BPA à la baisse
>Un EBITA ajusté T1 aidé par des plus-values à hauteur de 100 pb - Legrand a publié hier des résultats T1 2020 inférieurs aux attentes, affichant notamment un recul en organique de 7.3% (consensus à -5.1% et ODDO BHF à -0.4%). S’agissant de la marge d’EBIT ajusté, cette dernière recule de 110 pb, contre -100 pb attendu par le consensus. Mais elle inclut 16 M€ de plus-values liées à la cession d’un bâtiment au Chili. Hors cet impact, la marge d’EBIT ajusté aurait...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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