Legrand : 2024 guidance reflects sluggish construction market
>North America acts as a drag on Legrand’s volumes in Q4 2023 - Yesterday morning, Legrand reported Q4 2023 figures in line with expectations (see our Equity Flash of 15 February). Sales were stable on an organic basis in Q4, with volumes down -1.7%. Over the full year, organic growth reached 2.7% (incl. a 4.8% price effect and a -2.1% contraction in volumes). Performance varied greatly from one region to another, with Europe still holding up well (2.9% organic ...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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