Legrand is fully mobilized to address the deteriorating world health and economic situation caused by the rapid spread of Covid-19 in many countries:
- the Group’s priority is to protect the health and safety of its employees, in particular by rigorously applying the recommendations of local authorities and the World Health Organization;
- the Group is focused on providing the best possible service to customers, whose business is essential to the functioning of the economy;
- backed by a proven model, the Group is working very actively to protect its profitability and free cash flow.
Against this deteriorating and uncertain backdrop, Legrand announced today that it is suspending the 2020 targets it published last February 13 which, as announced, were set “excluding any major changes in the economic environment possibly linked to developments in the world health outlook.
Under the authorization granted by the Ordinary and Extraordinary General Meeting of Shareholders on 29 May 2019 for implementing a share buyback program, Legrand today announced that it has signed a mandate to purchase up to 515,000 shares over the period from 20 March to 20 May 2020.
The purpose of this transaction is to acquire shares for allocation to maturing performance share plans.
On International Women Rights Day, Legrand reasserts its commitment to gender equality by supporting the Women Empowerment Principles (WEPs) defined by UN Women and Global Compact.
Gilles Schnepp, Legrand’s Chairman, has offered to the Board of Directors, which accepted it, to make a new change in the Group’s governance.
Following a first step taken in February 2018 towards a governance meeting the highest standards and best practices in place – on one hand, by permanently separating the offices of Chairman and of Chief Executive Officer and on the other hand by appointing Benoît Coquart as Chief Executive Officer – a further step is announced today...
Building on its growth momentum through the acquisition of front-runners, Legrand today announced the purchase of Focal Point, strengthening solid positions in specification-grade architectural lighting solutions for commercial buildings in the United States.
As an inclusive company, Legrand attended the second edition of the autre cercle – Ifop held on February 12, 2020 in Paris.
Total growth in sales +10%
Integrated performance fully in line with targets
Organic growth in sales: +2.6%
Adjusted operating margin before acquisitions: 20.4%
Achievement rate of CSR roadmap: 113%
Strong value creation
Net profit attributable to the Group: +8%
Normalized free cash flow: +13%
Since June 2019, Legrand, and six other partners representing the whole construction value chain, has joined Sekoya: Eiffage Group and Impulse Partners’ initiative to bring their expertise in carbon emission reduction and promote the use of carbon-free solutions.
CES 2020 |
Legrand announces at CES2020 the enhancement of its UX Touch offering, a hotel room management system allowing hotel managers to let their clients enjoy an experience incorporating different services. This offer is now compatible with two partner solutions: mySmartJarvis and RoomChecking.
CES 2020 |
Legrand takes part in CES (Consumer Electronic Show). All the teams are very proud to show new connected experiences.
CES 2020 |
Legrand is taking part in Unveiled at CES2020 in Las Vegas to announce Drivia with Netatmo: its first smart electrical panel for the residential sector.
Each year since 2011, EcoAct* has established a ranking of climate reporting performance among component stock companies of stock market indices including France’s CAC 40, the FTSE 100 in the UK, the Spanish IBEX 35 and the DOW 30 in the US.
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
Legrand today announced the appointment of Mrs. Gloria Glang at the head of its Strategy and Development Department, effective October 1st, 2019. She has also been appointed a member of the Group Executive Committee.
This policy is mainly structured around 5 objectives: gender diversity, inclusivity towards people with disabilities, intergenerational collaboration, Social and cultural diversity, inclusion of LGBT+ people.
The award was handed over on October 2nd, 2019 in Paris to Emmanuelle Levine, Group General Counsel.
This award is attributed annually by Labrador, the specialist of regulated communication, since 2008 on the basis of an assessment grid designed by an independent scientific committee, comprising 205 criteria.
Benoît Coquart, CEO, signed the French Climate Pledge on August 29th 2019, in the framework of the Rencontre des Entrepreneurs de France (LaREF), strengthening Legrand’s historically strong commitment to limiting the impact of its activities on the environment.