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05.06.2009Legrand demonstrates healthy capacity to adapt in the first quarter
Results in line with targets
While sales in the first quarter of 2009 showed a 14.9% decline at constant scope of consolidation and exchange rates, recurrent adjusted operating margin came in at 15.9%, with the decline from the first quarter of 2008 thus limited to 2.3 percentage points. In a context of what is now general contraction, Legrand thus maintained its positions in the first quarter, at the same time demonstrating its capacity to adapt and continuing efforts to reduce costs.