- Legrand’s adjusted operating margin for the first quarter was 20.5%, missing the year-over-year estimate of 20.8%.
- Organic revenue decreased by 5.4% compared to the estimated decrease of 3.65%.
- Organic revenue in Europe decreased by 4.7%.
- The North and Central America markets experienced a 6% organic revenue decrease.
- Rest of the world markets saw a 5.8% decrease in organic revenue.
- Adjusted operating profit was at EU415.9 million, a 13% decrease year-over-year, compared to the estimated EU424.7 million.
- The company’s revenue was EU2.03 billion, a decrease of 5.6% year-over-year, with the estimate at EU2.06 billion.
- Net income reached EU275.9 million, down by 17% year-over-year, missing the estimate of EU288.6 million.
- Free cash flow was EU146.1 million, showing a year-over-year decrease of 56%, compared to the estimation of EU302.7 million.
- For the year forecast, Legrand still aims for an adjusted operating margin of between 20% and 20.8%, with an estimate at 20.5%.
- The group confirms full-year targets.
- Legrand plans to acquire a minority stake in UIOT, a Chinese company specializing in wireless IoT smart-home solutions.
A look at Legrand SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Legrand SA, a company specializing in electrical installation and information network products, shows a promising long-term outlook based on its Smartkarma Smart Scores. With strong scores in Growth and Momentum, indicating positive trends in company expansion and market performance, Legrand SA is positioned for future success. Additionally, its above-average scores in Dividend and Resilience suggest a stable financial standing and ability to withstand market challenges.
Overall, Legrand SA‘s Smart Scores paint a picture of a company with growth potential, financial stability, and a solid market presence. As a leader in products for residential, commercial, and industrial purposes, Legrand SA seems well-positioned to capitalize on opportunities in the evolving electrical and information networks sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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