Key Developments: Legrand SA (LEGD.PA)

LEGD.PA on Paris Stock Exchange

43.24EUR
11 Jul 2014
Price Change (% chg)

€0.08 (+0.17%)
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€43.17
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Volume
455,005
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€47.75
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Latest Key Developments (Source: Significant Developments)

Legrand SA Confirms FY 2013 Sales and Operating Margin Guidance; Announces Joint Venture and Majority Stake in Adlec Power
Thursday, 1 Aug 2013 01:52am EDT 

Legrand SA announced that it confirms its fiscal year 2013 targets for organic growth in sales of between -2% and +2%, and for adjusted operating margin before acquisitions of between 19% and 20% of sales. In addition, the Company announced the signature of a joint venture agreement with Adlec Power, an Indian producer of distribution boards. Legrand SA holds 70% of equity with an option to take full control from July 2018. Financial terms were not disclosed.  Full Article

Legrand SA Announces Joint Marketing Agreement
Monday, 17 Jun 2013 07:30am EDT 

Legrand SA and OptiCool Technologies announced an agreement to jointly market OptiCool's innovative cooling solution with the broad range of Legrand network infrastructure products to the North American data center market. Under the terms of the agreement, Legrand and OptiCool are collectively targeting the data center market with rack-based precision cooling.  Full Article

Wendel SA Announces Sale Remaining Stake In Legrand SA
Monday, 10 Jun 2013 01:05pm EDT 

Wendel SA announced its intention to sell in the market the remaining 14.4 million shares still held in Legrand S.A. (Legrand), representing approximately 5.4% of the share capital of Legrand as of May 31, 2013. The transaction will be carried out through an accelerated book building to institutional investors. The transaction is part of Wendel's strategy to actively manage its investments, to renew its portfolio and to materialize its investment in Legrand after 11 years as reference shareholder. Following the transaction, Wendel will have sold its entire stake in Legrand. Book building will start immediately and will be managed by Goldman Sachs International acting as sole bookrunner. Wendel intends to issue a further press release upon successfully completing its sale of shares.  Full Article

Legrand SA Announces Share Repurchase Program
Friday, 24 May 2013 02:34pm EDT 

Legrand SA announced that its Board of Directors of Legrand met on May 24, 2013 and agreed to set up a share buyback program as authorized by shareholders at the Ordinary and Extraordinary General Meeting held the same day. On May 21, 2013, the Company‚Äôs capital stock consisted of 265,102,529 shares. At the same date, the Company held 83,027 of its own shares. The limit on the portion of capital stock that is authorized for purchase under the Share Buyback Program is 10% of the total number of shares representing the capital stock at the date of the Combined Ordinary and Extraordinary General Meeting of Shareholders held on May 24, 2013, with the proviso that, when shares are purchased to ensure the market liquidity of Legrand SA stock under the conditions described above, the number of shares used to calculate this 10% limit will be the number of shares purchased less the number of shares resold over the duration of the Share Buyback Program. The maximum price that the Company may pay for shares purchased under the Share Buyback Program is EUR 60 per share. The maximum amount allowed for the implementation of the Share Buyback Program is EUR 500 million. The Share Buyback Program is to be implemented for a period of eighteen months from the authorization granted by the Combined Ordinary and Extraordinary General Meeting of Shareholders on May 24, 2013, which is to say up to November 24, 2014 at the latest.  Full Article

Legrand SA Acquires S2S Onduleurs
Tuesday, 7 May 2013 02:15am EDT 

Legrand SA announced the acquisition of S2S Onduleurs, a French specialist in uninterruptable power supplies (UPS), employing approximately 50 people, which has reported sales totaling over EUR 20 million in 2012. The Company also announced that it expects its consolidated sales to increase by around 2% in fiscal year 2013.  Full Article

Legrand SA to Propose FY 2012 Dividend
Thursday, 14 Feb 2013 02:05am EST 

Legrand SA announced that for the fiscal year 2012 it will propose to a general meeting a dividend of EUR 1.00 per share, corresponding to up 7.5% to be paid out on June 3, 2013.  Full Article

Legrand SA Acquires Seico In Saudi Arabia
Wednesday, 6 Feb 2013 02:40am EST 

Legrand SA Acquires Seico In Saudi Arabia  Full Article

Legrand SA Acquires NuVo Technologies
Thursday, 15 Nov 2012 02:50am EST 

Legrand SA announced the acquisition of NuVo Technologies, a specialist in multi-room audio systems in the United States. The financial terms of the deal were not disclosed.  Full Article

Legrand SA Lowers FY 2012 Revenue Guidance; Raises FY 2012 Operating Margin Guidance
Thursday, 8 Nov 2012 02:15am EST 

Legrand SA announced that it is aiming for organic change in revenue of between -1% and -2% in fiscal year 2012, and has adapted its fiscal year 2012 target for profitability from an adjusted operating margin equaling or exceeding 19% of revenue, to an adjusted operating margin of around 19.5% of revenue.  Full Article

Legrand SA Confirms FY 2012 Guidance
Thursday, 26 Jul 2012 08:00pm EDT 

Legrand SA announced that it has confirmed its expectations to report in full year 2012 organic growth in sales of about zero and adjusted operating margin equaling or exceeding 19% of sales including acquisitions. The Company reported revenue of EUR 4,250.10 million for the fiscal year 2011. According to I/B/E/S Estimates, analysts on average are expecting the company to report full year 2012 revenue of EUR 4,509.02 million.  Full Article

Wendel profits boosted by Legrand asset sale

PARIS, March 27 - French investment group Wendel saw 2013 net income rise 51 percent to 333.7 million euros ($460 million) helped by the sale of a bloc of shares of electrical systems maker Legrand.

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