Legrand : Feedback from roadshow: upward revision to guidance that is cautious on volumes in H2
>A good H1 which should prompt an upward revision to full-year guidance - Legrand's H1 2022 results, reported Friday morning (see our Equity Flash) were a shade above our expectations, with organic sales growth of 10.9% (consensus at 8.8% and ODDO ODDO at 10.3%) and an adjusted EBIT margin of 20.5% (consensus 20.3%), down -150bp.These good results prompted the group to raise its 2022 guidance. It now expects 6-9% organic business growth (vs 3-7% previously) and a...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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