Legrand: first-quarter net income down 16
Sales for the electrical infrastructure supplier fell by 5.6% to 2.03 billion euros. In a shrinking building market, its sales fell by 5.4% in organic terms, including -5% in mature countries and -6.5% in new economies.
Taking into account the current macroeconomic outlook, Legrand confirms its target for 2024 of an adjusted operating margin before acquisitions of between 20 and 20.8%, and a slight growth in sales, both organic and through acquisitions, on a 'low single digit' basis.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction