Report
Delphine Brault

Legrand : Un bon T3 anticipé mais une guidance 2020 logiquement prudente à prévoir

>T3 2020e : des attentes probablement faibles après un S1 relativement décevant, nous sommes plus optimistes que le consensus - Contrairement à nombre de ses concurrents, Legrand n’a que peu surpris à la hausse lors de ses résultats S1 (EBIT ajusté 4.5% au-dessus des attentes) et a même déçu sur le FCF (en recul de 31% sur le S1). Les attentes se reportent donc en partie sur le S2, sachant que la guidance n’offre que peu de confort, le groupe ayant annoncé prévoir une...
Underlying
Legrand SA

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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