Full and continuing adaptation to market conditions.
Upward revision of 2009 margin target.
In the first nine months of 2009, Legrand achieved a maintainable adjusted operating margin of 17.9% despite a 15.7% decline in sales at constant scope of consolidation and exchange rates, and generated a high level of free cash flow.
Over the first nine months of the year, production costs plus administrative and sales expense fell by a combined 17.5% at constant scope of consolidation and exchange rates.