LEGRAND SA UNSP/ADR - LGRDY STOCK NEWS

Legrand's consolidated financial report as of September 30, 2022 is now available. The company reported sales of €7.0 billion in 2021 and will announce its 2022 annual results on February 9, 2023, following a quiet period starting on January 10, 2023. The company's operations focus on electrical and digital building infrastructures, targeting improved living and working spaces through sustainable solutions. Legrand is a component of the CAC 40 and CAC 40 ESG indexes.

Legrand reported significant growth in its Q3 2022 results, with net sales reaching €6,153.7 million, up from €5,168.7 million in Q3 2021. Operating profit also increased to €1,164.7 million, compared to €1,041.7 million last year. Basic earnings per share rose to €3.045, reflecting a strong net profit of €811.7 million. However, the company saw a decrease in free cash flow, which fell to €616.9 million from €774.3 million. Legrand’s strategic acquisitions across Europe and North America and the positive impact of currency translation reserves significantly contributed to its overall financial performance.

Legrand has reported a significant sales increase of 19.1% for the first nine months of 2022, reaching €6.15 billion, with organic growth at 10.1%. The adjusted operating margin stood at 20.2%, despite high inflation pressures. Net profit rose 16.1% to €812 million. Two recent acquisitions aim to enhance its position in energy-efficient solutions, contributing nearly €145 million to annual sales. Full-year targets remain positive with sales growth expected between 9% and 12%.

Legrand, a global specialist in electrical and digital building infrastructures, has been indicted in France related to the derogation mechanism, necessitating a security deposit of €80.5 million. The company contends that the charges lack merit and asserts its compliance with laws. Key upcoming financial dates include November 3, 2022 for nine-month results and February 9, 2023 for full-year results. In 2021, Legrand reported sales of €7.0 billion, and it remains a component of the CAC 40 index.

Legrand has reported its total number of shares and voting rights as of September 30, 2022. The total number of shares stands at 266,817,746, with 266,651,033 exercisable voting rights after excluding shares without voting rights. No stock options were exercised since the last report. The next key financial date is the release of the 2022 nine-month results on November 3, 2022, following a quiet period starting on October 4, 2022. Legrand is recognized for its innovative solutions in electrical and digital infrastructures.

As of August 31, 2022, Legrand's share capital comprises 266,817,746 shares, corresponding to the same number of theoretical voting rights. However, the exercisable voting rights are slightly lower at 266,649,838 due to shares without voting rights. No stock options were exercised since the last report on July 31, 2022. Key upcoming dates include the 2022 nine-month results on November 3, 2022 and the annual results on February 9, 2023. Legrand continues its commitment to sustainable growth and innovation, with 2021 sales reaching €7 billion.

On July 31, 2022, Legrand reported a total of 266,817,746 shares and 266,681,493 exercisable voting rights. There was no change in the total number of shares since the prior reporting period on March 31, 2022, where the figures remained consistent. The company has set key financial dates, including the release of its nine-month results on November 3, 2022, and its annual results on February 9, 2023. Legrand's operations focus on enhancing electrical and digital infrastructures, with a reported sales figure of €7.0 billion for 2021.

Legrand has announced that its half-year financial report as of June 30, 2022 is now available. The company, known for its expertise in electrical and digital building infrastructures, reported a revenue of €7.0 billion in 2021. Legrand aims for responsible growth through acquisitions and innovation, focusing on emerging markets, including datacenters and energy efficiency programs. Stakeholders are encouraged to access the detailed financial report through the company's official website.

Legrand reported strong sales growth of +18.5% in the first half of 2022, reaching over €4 billion, with organic growth at +10.9%. The adjusted operating margin stood at 20.5% of sales, reflecting solid profitability despite a challenging economic environment. Net profit increased by +13.9% to €548 million. Legrand announced two acquisitions in the datacenter sector, enhancing its focus on energy-efficient solutions. The full-year sales growth target has been revised upward to between +9% and +12%.