Finance |
07.30.2015First-half 2015 results
First-half 2015 results
Total growth in sales +8.4%
Adjusted operating income up +6.5%
Ongoing development
Acquisitions: 3 deals announced in new business segments
Internet of Things: launch of Eliot program
2015 targets confirmed
Gilles Schnepp, Chairman and CEO of Legrand, comments:
“Sales
First-half sales came to over €2.4 billion, up +8.4% in total, driven by favorable exchange-rate effects (+6.9%) and the broader scope of consolidation resulting from acquisitions (+1.6%). In particular, sales in the United States/Canada region grew nearly 36% in total in the first half of 2015, and the United States became the group’s #1 country by sales.
Group organic change in sales was nearly steady in the first six months of the year at -0.1%, in line with the annual target and reflecting:
- a very good performance in the United States/Canada region, buoyed in particular and in the second quarter alone by the announcement of the launch of a new GFCI offer and great successes in non-residential activity,
- varied situations in Europe's mature countries, with healthy growth, for example, in Spain, the United Kingdom and Germany, indications that the Italian market seems to have entered a stabilization phase, and less favorable market conditions in France as well as in several other mature countries in Europe,
- good showings in many new economies – notably Turkey, many countries in Eastern Europe, India, Southeast Asia and several Latin American countries – that did not, however, offset the decline in some other countries, in particular Brazil, China and Russia, all affected by current economic conditions...
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