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Finance |
05.07.2008Healthy resilience of margins in the first quarter of 2008
Legrand has demonstrated healthy resilience in the current context of economic slowdown. Excluding the impact on comparisons of calendar effects and the launch of new wiring device ranges in France at the beginning of 2007, organic sales growth in the first quarter reached 4.1% on a year, or 7% excluding changes in exchange rates and taking into account acquisitions. A main feature of business for the quarter was continued strong growth on emerging markets, where sales were up nearly 12% at constant scope of consolidation and exchange rates...