Legrand : Q2 preview: better volumes, thanks to the base of comparison
>Q2 2024e: volumes -0.1%, EBITA margin at 21.1% - Legrand should report Q2 results that are optically better than those in Q1, particularly at the level of sales growth. Attention will likely focus once again on volumes and margin resilience in a lacklustre economic climate. For Q2, we expect organic sales growth of +0.4%, with -0.1% for volumes and an 0.5% impact from prices. This compares with disappointing figures in Q1 which was a low point in our view, with ...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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