Legrand : A solid Q4, guidance for 2022 validates consensus forecasts
>Q4 results a shade above forecasts - Yesterday, Legrand published (cf. our first take) FY 2021 results that were a shade above forecasts for organic sales growth (13.6% vs 13.3% est.) whilst the adjusted EBIT margin was in line at 20.5%. Q4 adjusted EBIT came in 1% ahead of expectations. Sales in Q4 alone were up 7% on an organic basis vs 5.4% for the consensus. The US activities posted the strongest growth (+12.1% in Q4). FCF was € 952m in 2021, representing 13.6% o...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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