Good resilience in the first half, including sales growth in the second quarter and very firm margins
H1 sales trends: -2.0%, i.e. -0.7% excluding exchange rates and Russia
Adjusted operating margin: 20.7%
Net profit attributable to the Group:13.7% of sales
5 acquisitions announced since the beginning of the year, including 3 in datacenters
More than €200 million additional revenue on an annual basis
Strong product innovation momentum
2024 full-year targets unchanged
Benoît Coquart, Legrand’s Chief Executive Officer, commented:
“Our first-half results for 2024 show a limited retreat in sales and very firm margins and free cash flow.
In the second quarter alone, a moderate rebound in sales (+1.5% organic growth) stemmed notably from datacenter business, while the building market remained depressed. Margins and free cash flow hold steady at very good levels.
