Net sales up +10%

Robust value creation
Adjusted operating profit: +10%
Net profit attributable to the Group: +9%
Normalized free cash flow: +12%

Ongoing innovation- and acquisition-driven momentum
Many new product launches
Two new acquisitions announced: Connectrac in the United States and Jobo Smartech in China

2019 targets confirmed

Benoît Coquart, Legrand’s Chief Executive Officer, commented:

“Net sales up +10%
In the first nine months of the year, total sales grew by double-digits (+10.2%), driven by organic growth (+2.3%), a sustained increase in scope of consolidation (+5.2%), and a favorable exchange-rate effect (+2.4%).

Robust value creation
Adjusted operating profit rose +10.0% from the first nine months of 2018 and adjusted operating margin stood at 20.4% of sales, reaching 20.8% before acquisitions (at 2018 scope of consolidation).
Net profit attributable to the Group rose +8.8% and normalized free cash flow was up +12.3%.
These solid showings illustrate once again Legrand’s capacity to create value over the long term.

Ongoing innovation- and acquisition-driven momentum
Legrand is actively pursuing its innovation strategy, successfully launching many new products, particularly in user interfaces, energy distribution and digital infrastructures. More specifically, the Group has continued to launch Eliot offerings with greater value in use, including smart emergency-lighting systems in France, the new Classe 100x door entry system in Italy, and connected user interfaces on international markets.
Finally, after acquiring Universal Electric Corporation in the second quarter, Legrand today announced its acquisition of Connectrac, an innovative US company specializing in over-floor power and data distribution, and Jobo Smartech, the Chinese leader in connected hotel-room management systems.”