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Legrand SA (LEGD.PA)

LEGD.PA on Paris Stock Exchange

64.40EUR
23 Feb 2018
Change (% chg)

€0.46 (+0.72%)
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Volume
520,651
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Latest Key Developments (Source: Significant Developments)

Legrand FY Adjusted Operating Profit Up At 1.1 Billion Euros
Thursday, 8 Feb 2018 12:46am EST 

Feb 8 (Reuters) - Legrand ::: 2017 ACHIEVEMENTS AND CHANGE IN GOVERNANCE.‍2017 TARGETS FULLY MET​.‍FY SALES: +10.0%​.FY ‍ADJUSTED OPERATING PROFIT: +12.9%​.‍FY NET PROFIT ATTRIBUTABLE TO GROUP: +13.2%​.PROPOSES DIVIDEND OF EUR 1.26 PER SHARE IN RESPECT OF 2017 (COMPARED WITH EUR 1.19 IN RESPECT OF 2016).TARGETS ORGANIC GROWTH IN SALES OF BETWEEN +1% AND +4% IN 2018.FY SALES EUR ‍​5.52 BILLION VERSUS EUR 5.02 BILLION YEAR AGO.TARGETS 2018 ADJUSTED OPERATING MARGIN BEFORE ACQUISITIONS (AT 2017 SCOPE OF CONSOLIDATION) OF BETWEEN 20.0% AND 20.5% OF SALES..FY ADJUSTED OPERATING PROFIT EUR 1.10‍ BILLION VERSUS EUR 978.5 MILLION YEAR AGO.FY NET INCOME ATTRIB. TO GROUP EUR 711.2‍​ MILLION VERSUS EUR 628.5 MILLION YEAR AGO.SEPARATION, ON A LONG-TERM BASIS, OF OFFICES OF CHAIRMAN AND CEO WITH EFFECT FROM FEBRUARY 8, 2018.BOARD DECIDED TO RENEW GILLES SCHNEPP’S APPOINTMENT AS CHAIRMAN OF BOARD OF DIRECTORS.‍BENOÎT COQUART CHIEF EXECUTIVE OFFICER​.TO APPOINT BENOÎT COQUART TO TAKE OVER AS CHIEF EXECUTIVE OFFICER.‍AS OF JAN 1, 2019 ANTOINE BUREL DEPUTY CHIEF EXECUTIVE OFFICER IN CHARGE OF OPERATIONS; FRANCK LEMERY CHIEF FINANCIAL OFFICER.LEGRAND WILL ALSO PURSUE ITS STRATEGY OF VALUE-CREATING ACQUISITIONS‍​​.  Full Article

Legrand 9 months sales up at 3.99 billion euros
Tuesday, 7 Nov 2017 01:36am EST 

Nov 7 (Reuters) - Legrand ::9M SALES EUR ‍​3.99 BILLION VERSUS EUR 3.70 BILLION YEAR AGO.9M ADJUSTED OPERATING INCOME EUR ‍​814.9 MILLION VERSUS EUR 740.6 MILLION YEAR AGO.FOR FY: RAISES ORGANIC GROWTH TARGET IN SALES TO BE BETWEEN +2% AND +3%.9M NET PROFIT ATTRIBUTABLE TO THE GROUP EUR 474.3 MILLION VERSUS EUR 425.6 MILLION YEAR AGO.FOR FY: RAISES TARGET FOR ADJUSTED OPERATING MARGIN BEFORE ACQUISITIONS (AT 2016 SCOPE OF CONSOLIDATION) BETWEEN 19.8% AND 20.1% OF SALES.EXTERNAL GROWTH SHOULD REACH OVER +7% IN BOTH 2017 AND 2018.  Full Article

Legrand successfully launched bond issue for 400 million euros
Wednesday, 4 Oct 2017 12:38pm EDT 

Oct 4 (Reuters) - LEGRAND :SUCCESSFULLY LAUNCHED A BOND ISSUE FOR A TOTAL OF €400 MILLION WITH A 6-YEAR MATURITY.MATURITY DATE IS OCTOBER 9, 2023 AND ANNUAL COUPON 0.5%‍​.ORDER BOOK OVERSUBSCRIBED CLOSE TO FOUR TIMES.  Full Article

Legrand 2017 sales up 9.1 pct at 2.67 billion euros
Monday, 31 Jul 2017 01:56am EDT 

July 31 (Reuters) - Legrand ::H1 NET PROFIT ATTRIBUTABLE TO THE GROUP EUR ‍​316.2 MILLION VERSUS EUR 283.5 MILLION YEAR AGO.H1 ADJUSTED OPERATING INCOME EUR ‍​546.3 MILLION VERSUS EUR 492.7 MILLION YEAR AGO.H1 SALES EUR ‍​2.67 BILLION VERSUS EUR 2.45 BILLION YEAR AGO.2017 TARGETS FULLY CONFIRMED.  Full Article

Legrand ‍successfully launches 1 bln euro bond issue
Thursday, 29 Jun 2017 01:47pm EDT 

June 29 (Reuters) - LEGRAND :‍SUCCESSFULLY LAUNCHED A BOND ISSUE FOR A TOTAL OF ONE BILLION EUROS IN TWO TRANCHES OF 500 MILLION EUROS EACH​.‍BOND ISSUE WITH MATURITIES OF 7 AND 15 YEARS​.‍RESPECTIVE MATURITY DATES OF THESE TWO TRANCHES ARE JULY 6, 2024 AND JULY 6, 2032 AND THEIR ANNUAL COUPONS ARE RESPECTIVELY 0.750% AND 1.875%​.  Full Article

Legrand buys U.S. group Server Technology Inc
Thursday, 22 Jun 2017 01:35am EDT 

June 22 (Reuters) - Legrand ::* Legrand announces purchase of Server Technology, Inc..* Says deal will boost its presence in digital infrastructure market.* Based in Reno, Nevada, Server Technology, Inc. has some 200 employees and annual revenues of over $110 million.  Full Article

Legrand, North and Central America acquires Afco Systems
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - LEGRAND SA :LEGRAND, NORTH AND CENTRAL AMERICA EXPANDS DATA CENTER CAPABILITIES WITH THE ACQUISITION OF AFCO SYSTEMS.  Full Article

French industrial group Legrand announces acquisitions as Q1 profits rise
Wednesday, 10 May 2017 01:43am EDT 

May 10 (Reuters) - Legrand ::Q1 net profit up 17 percent to 149 million euros.Q1 sales up 10.9 percent from last year to 1.32 billion euros.Announces acquisitions of Finelite, Afco systems and joint venture to buy Italian company Borri.Confirms financial targets, will continue strategy of seeking acquisition opportunities.  Full Article

French group Legrand to pursue acquisitions as it posts rise in profits
Thursday, 9 Feb 2017 01:00am EST 

Legrand : Adjusted net income excluding minority interests rose +3.0% in 2016 and stood at €567.3m . Sets 2016 dividend of 1.19 euros/share . Sets 2017 target for organic growth in sales of between 0-3% . 2017 target for adjusted operating margin before acquisitions (at 2016 scope of consolidation) of between 19.3% and 20.1% of sales . Says it will pursue strategy of value-creating acquisitions Further company coverage: [LEGD.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Legrand acquires OCL1 US specialist in lighting solutions
Wednesday, 1 Feb 2017 02:38am EST 

Legrand SA :Acquires OCL1 US specialist in architectural lighting solutions.  Full Article