Legrand : Q2 should prompt an increase in the guidance... probably in Q3
>Organic growth anticipated at 4.4% in Q2 - We anticipate a good Q2, underpinned by a slightly favourable working days effect (around 0.5 days), a less demanding comparison base and, of course, a still buoyant environment. As such, for Q2 we forecast:Organic growth of 4.4% (after 3.9% in Q1). This 4.4% organic sales growth notably includes a 4.5% increase in France (favourable comparison base with 0% growth in Q2 2017 and the ramp-up of Céliane by Netatmo) and 2....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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