SOLID INTEGRATED PERFORMANCE IN 2019
Legrand maintained its momentum for profitable and sustainable growth in 2019, with both its financial and non-financial performance being fully in line with targets for the year. Sales rose a total +10.4%, including +2.6% organic growth, and adjusted operating margin before acquisitions (2018 scope) came to 20.4%. Non-financial performance was ahead of schedule, with 113% achievement rate of Group’s CSR roadmap, reflecting its commitment to all stakeholders.
Legrand also pursued its initiatives to further strengthen its value creation model:
- sustained deployment of our Eliot program – with a 29% increase in sales generated by connected products, including organic growth up +10%;
- active acquisitions drive, with three new deals completed in 2019; and
- further performance-enhancing measures.
Chief Executive Officer