Legrand fully met its targets, with sales up +19.2% and adjusted operating margin at 20.4% amid a continued very unsettled environment
Very solid integrated 2022 performance
Growth in sales: +19.2%
Adjusted operating margin: 20.4% of sales
Rise in adjusted net profit attributable to the Group: +26.8%
Free cash flow: €1,036 million
CSR roadmap achievement rate: 123% in 2022
Ongoing implementation of strategic roadmap
including 7 acquisitions over one year, of which 2 announced today
2023 full-year targets
Sales excluding exchange rate impacts: +2% to +6%
Adjusted operating margin before acquisitions: ~20% of sales
Benoît Coquart, Legrand’s Chief Executive Officer, commented:
“In 2022 we turned in another outstanding financial and extra-financial performance, very much in line with our mid-term targets despite unprecedented challenges linked to a continued very unsettled environment...