Report
Delphine Brault

Legrand : Le T4 a montré une forte résilience de l’EBIT, la prudence du groupe pour 2021 ne nous inquiète pas

>Le T4 déçoit sur le recul d’activité mais rassure sur la marge d’EBIT - Legrand a publié hier des résultats T4 2020 inférieurs aux attentes sur la topline mais supérieurs sur la marge d’EBIT ajusté. L’EBIT ajusté T4 s’établit 1% au-dessus des attentes.Le chiffre d’affaires sur le seul T4 a affiché un recul de 5.1% en organique contre un consensus à -3.4%. La principale déception vient des Etats-Unis dont la croissance au T4 s’est établie à -10.7% en comparable, ...
Underlying
LEGRAND

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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