On Monday March 1st, 2021, Legrand published its 2020 gender equality index. This year, the Group scored 91 points out of 100: this score is identical to the one obtained in 2019.
The purpose of this materiality survey is to rank the sustainable development issues with regard to Legrand's business model and the expectations of all of its stakeholders.
Legrand announces the launch of a new generation wireless and batteryless switch. This technological innovation was developed in collaboration with CEA, a major player in research, development and innovation.
Responsible crisis management
Solid financial and ESG achievements in 2020
Change in sales: -7.9%
Adjusted operating margin: 19.0%
Free cash flow: 16.9% of sales
Achievement rate of CSR roadmap: 128%
3 new acquisitions announced
Total of 4 new companies acquired in 2020
Ongoing active roll-out of product offerings of recently acquired companies
Legrand has been awarded the Gender Equality European & International Standard (GEEIS) Diversity label, which was set up by Arborus and is audited by Bureau Veritas Certification. This distinction ackowledges the progress made by the Group over many years in terms of diversity, professional equality and inclusion, principles which are at the heart of Legrand’s HR and CSR strategies.
Legrand was ranked 33rd in the overall ranking and 2nd in the category “Electrical material and equipment”.
Legrand was awarded the Proxinvest "2020 ESG innovation" Grand Prix. The prize rewards a European company for its innovative practices in terms of "ESG".
Good showings in the third quarter
Sales stabilize compared with the third quarter of 2019
Rebound in adjusted operating margin and free cash flow
First nine months: solid performances in an unprecedented crisis environment
Organic change in sales: -10%
Adjusted operating margin: 18.7%
Free cash flow: 13.8% of sales
Continued deployment of the Legrand model
These solutions stem from the targeted innovation and acquisition policy implemented by the Group. Legrand is now Europe's second largest company in the assisted living market, especially following the acquisition of Intervox (France), Tynetec, Jontek and Aidcall (UK), and Neat (Spain).
The international jury at the XXVI Compasso d’Oro ADI Award, granted Living Now, the revolutionary range of electric controls of Bticino, Italian branch of Legrand Group, an Honourable Mention.
Legrand has appointed Exane, effective on August 3, 2020, and for an initial period expiring on December 31, 2020, tacitly renewable thereafter for periods of twelve months, to implement a liquidity agreement that complies with the decision of the Autorité des marchés financiers (AMF) n°2018-01 of July 2, 2018 related to the establishing of liquidity contracts on shares as accepted market practice and the standard contract of the Association française des marchés financiers (AMAFI) dated January 15, 2019.
Group mobilized for all stakeholders
Performance shows good resistance in a very deteriorated environment
Organic change in sales: -15.2%
Adjusted operating margin: 17.5%
Many measures to adapt to consequences of the crisis
Solid financial position ...
Legrand aims to eliminate its net greenhouse gas emissions by 2050 across all of its activities, for a global warming level limited to 1.5°C.
Legrand ranks 16th in the table for 2019, an improvement on the previous year when it ranked 25th.
Legrand today completed a fixed-rate bond issue for an amount of €600 million with a 10-year maturity and an annual coupon of 0.75%.
This operation raises the average maturity of bond debt to 6.7 years, with the next repayment date set for April 19, 2022, for an amount of €400 million.
The success of this issue, subscribed 3.2 times over, demonstrates once again investor confidence in the soundness of Legrand’s development model.
Responsible mobilization to tackle the consequences of the health crisis
Performance showed good resistance in the first quarter of 2020
Organic change in sales: -7.3%
Adjusted operating margin before acquisitions : 18.7%
Solid balance sheet and financial position