Legrand has appointed Exane, effective on August 3, 2020, and for an initial period expiring on December 31, 2020, tacitly renewable thereafter for periods of twelve months, to implement a liquidity agreement that complies with the decision of the Autorité des marchés financiers (AMF) n°2018-01 of July 2, 2018 related to the establishing of liquidity contracts on shares as accepted market practice and the standard contract of the Association française des marchés financiers (AMAFI) dated January 15, 2019.
Group mobilized for all stakeholders
Performance shows good resistance in a very deteriorated environment
Organic change in sales: -15.2%
Adjusted operating margin: 17.5%
Many measures to adapt to consequences of the crisis
Solid financial position ...
Legrand aims to eliminate its net greenhouse gas emissions by 2050 across all of its activities, for a global warming level limited to 1.5°C.
Legrand ranks 16th in the table for 2019, an improvement on the previous year when it ranked 25th.
Legrand today completed a fixed-rate bond issue for an amount of €600 million with a 10-year maturity and an annual coupon of 0.75%.
This operation raises the average maturity of bond debt to 6.7 years, with the next repayment date set for April 19, 2022, for an amount of €400 million.
The success of this issue, subscribed 3.2 times over, demonstrates once again investor confidence in the soundness of Legrand’s development model.
Responsible mobilization to tackle the consequences of the health crisis
Performance showed good resistance in the first quarter of 2020
Organic change in sales: -7.3%
Adjusted operating margin before acquisitions : 18.7%
Solid balance sheet and financial position
Legrand’s Board of Directors met on Friday, April 10, to decide on conditions for holding the Combined General Meeting of Shareholders, which is confirmed for Wednesday, May 27, 2020.
Since the start of the current global health crisis, Legrand has launched a series of measures aimed at protecting both its employees and its customer. On the basis of this unprecedented mobilisation, Legrand contributes to the ongoing solidarity efforts to contain the sanitary, social and economic impact of COVID-19.
Legrand is fully mobilized to address the deteriorating world health and economic situation caused by the rapid spread of Covid-19 in many countries
Under the authorization granted by the Ordinary and Extraordinary General Meeting of Shareholders on 29 May 2019 for implementing a share buyback program, Legrand today announced that it has signed a mandate to purchase up to 515,000 shares over the period from 20 March to 20 May 2020.
The purpose of this transaction is to acquire shares for allocation to maturing performance share plans.
On International Women Rights Day, Legrand reasserts its commitment to gender equality by supporting the Women Empowerment Principles (WEPs) defined by UN Women and Global Compact.
Gilles Schnepp, Legrand’s Chairman, has offered to the Board of Directors, which accepted it, to make a new change in the Group’s governance.
Following a first step taken in February 2018 towards a governance meeting the highest standards and best practices in place – on one hand, by permanently separating the offices of Chairman and of Chief Executive Officer and on the other hand by appointing Benoît Coquart as Chief Executive Officer – a further step is announced today...
Building on its growth momentum through the acquisition of front-runners, Legrand today announced the purchase of Focal Point, strengthening solid positions in specification-grade architectural lighting solutions for commercial buildings in the United States.
As an inclusive company, Legrand attended the second edition of the autre cercle – Ifop held on February 12, 2020 in Paris.
Total growth in sales +10%
Integrated performance fully in line with targets
Organic growth in sales: +2.6%
Adjusted operating margin before acquisitions: 20.4%
Achievement rate of CSR roadmap: 113%
Strong value creation
Net profit attributable to the Group: +8%
Normalized free cash flow: +13%
Since June 2019, Legrand, and six other partners representing the whole construction value chain, has joined Sekoya: Eiffage Group and Impulse Partners’ initiative to bring their expertise in carbon emission reduction and promote the use of carbon-free solutions.
CES 2020 |
Legrand announces at CES2020 the enhancement of its UX Touch offering, a hotel room management system allowing hotel managers to let their clients enjoy an experience incorporating different services. This offer is now compatible with two partner solutions: mySmartJarvis and RoomChecking.
CES 2020 |
Legrand takes part in CES (Consumer Electronics Show). All the teams are very proud to show new connected experiences.
CES 2020 |
Legrand is taking part in Unveiled at CES2020 in Las Vegas to announce Drivia with Netatmo: its first smart electrical panel for the residential sector.