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Legrand SA is a global specialist in electrical and digital building infrastructures. Recently, Legrand completed the acquisition of ZPE Systems, Inc., expanding its comprehensive data center solutions. The company continues to innovate and lead the market with solutions focused on resilience, security, and remote management of network IT equipment. Legrand remains at the forefront of the industry by addressing the evolving needs of edge computing, AI, and operational technology with its intelligent IT infrastructure offerings.
Legrand reports liquidity account details as of June 30, 2022. The account held 114,733 shares valued at €18,493,014. In H1 2022, 12,384 buy executions totaled 1,634,456 shares for €135,861,084, while 15,576 sell executions amounted to 1,552,669 shares for €129,015,648. This reflects increased trading activity compared to the previous half, where 9,587 buy and 9,950 sell executions were reported. The liquidity agreement complies with AMF regulations and encourages authentic verification via the CertiDox app.
On July 4, 2022, Legrand received a statement of objections from the French Competition Authority regarding its derogation mechanism with distributors in France. Legrand is dedicated to compliance with applicable laws and will defend its position in the upcoming legal proceedings. Key dates include the first-half results scheduled for July 29, 2022, and the nine-month results on November 3, 2022. The company reported sales of €7.0 billion in 2021 and is recognized for its innovative electrical and digital building solutions across various markets.
Legrand has reported stable share capital as of June 30, 2022, with a total of 266,817,746 shares, consistent with previous months. Voting rights stand at 266,668,994 after deducting non-voting shares. The next financial milestones include first-half results on July 29, 2022 and nine-month results on November 3, 2022. The company, a leader in electrical and digital building infrastructures, achieved sales of €7.0 billion in 2021 and emphasizes profitable growth through innovation and acquisitions.
Legrand reports its share capital details as of May 31, 2022, indicating a total of 266,817,746 shares and 266,267,686 exercisable voting rights. There has been no change in the number of shares since the previous report on March 31, 2022. Key upcoming financial dates include the release of 2022 first-half results on July 29, 2022, following a quiet period starting June 29, 2022. Legrand, listed on Euronext Paris, specializes in electrical and digital building infrastructures.
Legrand, a global specialist in electrical and digital infrastructures, announced a new Share Buyback Program approved on
Legrand held its Combined Shareholders' Meeting on May 25, 2022, where all proposed resolutions were approved, including the renewal of three directors and the appointment of an independent director. The Board comprises 14 members, with 83% independent members and 42% women. A dividend of €1.65 per share was approved, with an ex-dividend date of May 30 and payment on June 1. CEO Benoît Coquart highlighted strong financial performance in 2021, with a 13.6% organic growth and a net income increase of 32.8%. The company aims for sustainable growth with ambitious ESG targets.
Legrand has released its unaudited consolidated financial information as of March 31, 2022. The company is a leading global specialist in electrical and digital infrastructure, reporting sales of €7.0 billion in 2021. Legrand continues to focus on profitable growth through acquisitions and innovation, emphasizing solutions for data centers and energy efficiency. The Group aims to enhance building infrastructures, responding to technological trends. Investors can access the financial details on their official website.
Legrand reported its financial results for Q1 2022, showing strong growth with net sales increasing to €1,972.3 million from €1,674.1 million in Q1 2021. Operating profit rose to €377.6 million, reflecting a 10.9% increase year-over-year. Basic earnings per share improved to €0.968, up from €0.853. Cash and cash equivalents slightly decreased to €2,778.5 million. The company also acquired Emos, a leading electrical installation components provider in Central and Eastern Europe, enhancing its market position. Despite positive results, the free cash flow dropped significantly to €44.4 million from €245.9 million.
Legrand reported a 17.8% increase in sales for Q1 2022, reaching €1,972 million, driven by a 11.2% organic growth rate. Adjusted operating margin stood at 20.3%, while net profit rose 13.3% to €258 million. The company confirmed its full-year targets, aiming for 5% to 11% sales growth amid ongoing inflation and supply chain pressures. Legrand also prioritized ESG goals, unveiling its fifth CSR roadmap, and will propose a €1.65 dividend per share, a 16.2% increase from 2020, at the upcoming shareholder meeting.
As of April 30, 2022, Legrand reports a total of 266,817,746 shares in its capital, with 266,262,686 exercisable voting rights. This reflects a decrease from 267,447,746 shares at the end of December 2021. The company will release its Q1 2022 results on May 5, 2022, with a general shareholders' meeting set for May 25, 2022. Legrand aims to navigate the evolving market through acquisitions and innovation, focusing on connected solutions and energy efficiency.
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