Finance |11.04.2021 07:30
Release for the first nine months of 2021
Strong rise in financial results
Organic rise in sales: +16.0%
Adjusted operating margin: 21.4% of sales
Rise in net profit: +42%
Full-year 2021 targets specified
Benoît Coquart, Legrand’s Chief Executive Officer, commented:
“Sales for the first nine months of the year were up +15.0% year on year, i.e. +5.7% over two years. This performance included a strong +16.0% organic rise year on year, with a +4.4% increase over two years, confirming Legrand’s continued capacity to improve its competitive positions on its markets as pressures built on supply chains.
In the first nine months of 2021, adjusted operating margin came to 21.4% and net profit rose by +42%, or +12% over two years.
These very good results testify once again to the soundness and relevance of our unique model for value creation, where our mid-term ambitions – particularly in faster expanding segments such as datacenters, connected products in the Eliot program, and energy efficiency programs – were presented in detail to investors at our Capital Markets Day on September 221.”
1 For more information, readers are referred to the press release dated September 22, 2021.