Legrand turned in another outstanding financial and non-financial performance in 2022, in line with our mid-term targets, despite the unprecedented challenges of what remains a very turbulent environment.
Tales topped €8.3 billion in 2022, a significant annual increase of +19.2%. This performance reflects the Group’s solid business momentum and pricing power, with very active supply chain management against the backdrop of supply disruptions. Profitability indicators remained very robust, with an adjusted operating margin of 20.4% of sales, adjusted net profit attributable to the Group(1) up +26.8% and normalized free cash flow representing 14.5% of full-year sales.
The Group also achieved a strong non-financial performance, with an achievement rate of 123% for the first year of our fifth CSR roadmap.
Significant progress was made during the year including a -15% reduction in Scope 1&2 CO2e emissions, as well as an increase in the percentage of women in management positions to 28.5%.
Chief Executive Officer