Legrand : Q4 2019: group likely to be out of sorts at the year-end
>Potentially weak Q4 2019 on the cards - Contrary to its practice of recent years, Legrand did not tighten its 2019 targets when it reported its Q3 results in November. It maintained wide ranges with organic growth of 0-4% and adjusted EBITA of 19.5%-20.3%, after the impact of acquisitions (of -40bp). This means that the Q4 trends are difficult to gauge. For 2019, the consensus forecast is for organic growth of 2.1% and an adjusted EBITA margin of 20.1%. We are very c...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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