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LR - Legrand SA News Story

€68.96 0.6  0.8%

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Sector
Industrials
Size
Large Cap
Market Cap £16.96bn
Enterprise Value £19.80bn
Revenue £5.99bn
Position in Universe 45th / 852

BRIEF-Legrand Sees Marked Decline In Q2 Sales

Thu 7th May, 2020 6:30am
May 7 (Reuters) - Legrand SA  LEGD.PA :
    * Q1 SALES TOTALED EUR 1,515.7 MILLION, DOWN -2.2% Y/Y
    * Q1 SALES ORGANIC DECLINE -7.3%, WITH DECREASES OBSERVED IN MATURE COUNTRIES (-5.1%) AND
NEW
ECONOMIES (-13.4%)
    * Q1 ADJUSTED OPERATING MARGIN BEFORE ACQUISITIONS CAME TO 18.7%
    * Q1 NET PROFIT ATTRIBUTABLE TO GROUP  EUR 167.1 MILLION, DOWN -12.2% Y/Y
    * END-MARCH CASH AND CASH EQUIVALENTS OF EUR 1.8 BILLION
    * END-MARCH NET DEBT OF EUR 2.9 BILLION
    * SALES CONTINUED ORGANIC FALL IN APRIL 2020, WITH RETREAT OF -41% FOR MONTH ALONE
    * ANTICIPATES MARKED DECLINE IN SALES IN Q2
    * SAYS H2 SHOULD SEE SEQUENTIAL IMPROVEMENT
    * MAINTAINS PROPOSED DIVIDEND AT EUR 1.34, UNCHANGED FROM PREV YEAR, VERSUS EUR 1.42
INITIALLY
PROPOSED
    * Q1 ADJUSTED OPERATING PROFIT WAS EUR 282.6 MILLION, DOWN -7.4% Y/Y

Source text: https://bit.ly/2yzAZHh
Further company coverage:  LEGD.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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