Legrand : Q3 was solid but the guidance implies a more cautious Q4
>Solid Q3 2021 earnings, in line with expectations - Legrand's Q3 2021 results, reported yesterday, were broadly in line with expectations. The group posted l-f-l sales growth of 4.1%, with 4.3% of price effect (the consensus expected 2.7% with a price effect of around 3%). The adjusted operating margin contracted by 60bp to 20.1% in Q3, undermined by raw material and component cost inflation which amounted to 15%. Demand in the residential segment and in data centres...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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