Report
Delphine Brault ...
  • Quentin Borie

Legrand : Le bon T1 donne un peu d’avance au groupe sur sa guidance 2023

>Un bon T1 2023, mais des volumes toujours négatifs - Legrand a publié hier matin des résultats T1 2023 (voir notre First Take) supérieurs aux attentes, tant au niveau du CA que de la marge. La croissance organique atteint 7.4% (vs consensus à 3.6%), incluant 8% d’effets prix mais des volumes toujours légèrement négatifs (-0.6% au T1, après -1.4% au T4 2022 et -2.9% au T3 2022). Cette croissance a été tirée par l’Europe (+10.7% en comparable), tandis que les Etats-Uni...
Underlying
LEGRAND

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

Quentin Borie

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