Legrand released its financial results for the first half of 2015 Thursday. First-half sales came to over €2.4 billion, up 8.4 percent in total, driven by favorable exchange-rate effects (+6.9%) and the broader scope of consolidation resulting from acquisitions (+1.6%). In particular, sales in the United States/Canada region grew nearly 36 percent in total in the first half of 2015, and the United States became the group’s top country by sales.
Group organic change in sales was nearly steady in the first six months of the year at -0.1%, in line with the annual target. Adjusted operating income was up 6.5 percent.
Legrand experienced “a very good performance in the United States/Canada region, buoyed in particular and in the second quarter alone by the announcement of the launch of a new GFCI offer and great successes in non-residential activity,” according to CEO Gilles Schnepp.
Ongoing developments include three acquisitions announced in new business segments, and the launch of the Eliot program.Tagged with tED