Debt & bond investors
Find all information regarding Legrand's debt structure.
Key figures as of June 30, 2024
Average maturity of gross debt(1)
4.8 Years
(1)Gross debt = Short-term borrowings + Long-term borrowings
Amount of gross debt(1) (in € billions)
5.6
(1)Gross debt = Short-term borrowings + Long-term borrowings
Amount of net debt(1) (in € billions)
3.4
(1)Net debt = Short-term borrowings + Long-term borrowings - Cash and cash equivalents
Net debt(1) to EBITDA(2) ratio
1.8
(1)Net debt = Short-term borrowings + Long-term borrowings - Cash and cash equivalents
(2)EBITDA for the last twelve months, defined as operating income plus depreciation and impairment of tangible and intangible assets (including capitalised development expenses) and goodwill impairment losses.
Trend of the credit rating requested from S&P
Long term rating | Short term rating | Outlook | Date of rating |
A- | A-2 | Stable | 06/11/2019 |
A- | A-2 | Negative | 06/28/2017 |
A- | A-2 | Stable | 02/22/2012 |
BBB+ | A-2 | Stable | 02/11/2011 |
BBB | A-2 | Positive | 01/14/2011 |
BBB | A-2 | Stable | 03/22/2007 |
BBB- | A-3 | Stable | 04/07/2006 |
Breakdown of gross debt*
On June 30, 2024, gross debt was €5.6 billion broken down as follows:
*Gross debt = Short-term borrowings + Long-term borrowings
Details of the main financing used by the Group on June 30, 2024(1)
Unlisted financing
Currency | Amount (in millions) | |
NEU CP(2) | EUR | 0 |
Other unlisted financing | EUR | 0 |
Listed financing
Category | Currency | Par value (in millions) | ISIN code | Coupon | Maturity |
Bond | EUR | 500 | FR0013266830 | 0.750% | 07/06/2024 |
Bond | USD | 271 | US524671AA21 | 8.500% | 02/15/2025 |
Bond | EUR | 400 | FR0013321080 | 1,000% | 06/03/2026 |
Bond | EUR | 355 | FR0013073277 | 1.875% | 12/16/2027 |
Bond | EUR | 475 | FR0013428943 | 0.625% | 06/24/2028 |
Bond | EUR | 700 | FR001400I5S6 | 2,000% | 19/05/2029 |
Bond | EUR | 600 | FR0013513538 | 0.75% | 05/20/2030 |
Bond | EUR | 600 | FR0014005OK3 | 0.375% | 10/06/2031 |
Bond | EUR | 500 | FR0013266848 | 1.875% | 07/06/2032 |
Bond | EUR | 600 | FR001400QQ30 | 3.500% | 06/26/2034 |
(1) Main financing on December 31, 2023 that does not take account of any changes that may have occurred after that date.
(2) Negotiable EUropean Commercial Paper.
More information can be found on the Banque de France website, through the following link: List of Issuers(banque-france.fr)
Updated Sustainability-Linked Framework following 2050 Net zero committment validated by SBTi, May 2024
SPO (Second-Party Opinion)
> DownloadSustainability-linked financing Framework
> DownloadNotice to bondholders
> DownloadDocuments bond issue, May 2023
SPO (Second-Party Opinion)
> DownloadSustainability-Linked Financing Framework
> DownloadInvestor presentation
> DownloadPress release
> DownloadDocuments bond issue, September 2021
SPO (Second-Party Opinion)
> DownloadSustainability-Linked Financing Framework
> DownloadPress release
> DownloadNet debt(1) to EBITDA ratio(2)
On June 30, 2024, the net debt(1) to EBITDA ratio for the last twelve months(2) is 1.8 and is calculated as follows:
Amount of net debt(1) | 3,430 |
EBITDA (Last 12 months)(2) | 1,884 |
Net debt(1) to EBITDA ratio(2) | 1.8 |
(1) Net debt = Short-term borrowings + Long-term borrowings - Cash and cash equivalents.
(2) EBITDA for the last twelve months, defined as operating profit plus depreciation and impairment of tangible and of right of use assets, amortization and impairment of intangible assets (including capitalized development costs), reversal of inventory step-up and impairment of goodwill.