- Legrand’s 1st half adjusted operating profit: €873.1 million, down 8.5% year-over-year.
- Met estimates of €866 million for adjusted operating profit.
- Adjusted operating margin: 20.7%, compared to 22.2% from the previous year.
- Revenue: €4.21 billion, a 2% decrease year-over-year but above the estimate of €4.17 billion.
- Net income: €577.6 million, down 11% year-over-year, slightly below the estimate of €579.7 million.
- Free cash flow: €468.1 million, a significant 42% decrease year-over-year.
- Second quarter organic revenue growth: +1.5%, beating the estimate of -0.8%.
- Europe organic revenue: -1.5%.
- North & Central America organic revenue: +5.8%.
- Rest of World organic revenue: -0.7%.
- Legrand still expects full-year low single-digit sales growth, both organically and through acquisitions (excluding exchange-rate impacts and Russia disengagement effects).
- Full-year adjusted operating margin before acquisitions expected to be between 20.0% and 20.8%.
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 installations and information networks, presents a promising long-term outlook according to the Smartkarma Smart Scores. With a strong focus on growth and momentum, Legrand SA secures high scores in these critical areas. The company’s commitment to innovation and expansion positions it well for future success in the market.
Additionally, Legrand SA maintains solid scores in resilience and dividends, highlighting its stability and ability to generate returns for investors. While the value score is slightly lower, the overall outlook remains positive due to the company’s strong performance in other key factors. Investors looking for a company with growth potential and consistent dividends may find Legrand SA to be an attractive choice in the long run.
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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