Report
Delphine Brault

Legrand : Legrand’s Q4 results will not benefit from the same effects as in Q3

>A Q3 that surprised by strength of the recovery - The group published Q3 results yesterday with adjusted EBIT 23% above the consensus forecast. The group generated stable sales on a l-f-l basis and a 50bp improvement in the adjusted EBIT margin (vs -7.3% and -160bp anticipated by the consensus). Whilst a number of the verticals were more dynamic (the case of data centres and residential construction, for instance), growth differences have mainly been from one country...
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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