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CAPITAL GOODS: Legrand (LRFP NR/A-/NR): 4Q24 Results

CAPITAL GOODS
Credit BulletsCEEMEAEurozoneFranceBullet

Strong results, no meaningful credit impact expected.

  • Legrand reported revenue 5% ahead of consensus.
  • EBITDA beat by 12%. Results were helped by stronger positioning in data centers.
  • FY FCF of €540bn, ahead of €450mn expected. Reported net leverage of 1.5x, down from 1.7x QoQ.
  • Revenue growth, which includes acquisitions, is targeted at 6-10%. Consensus has 6%. It sees adj. EBIT margins flat, in line with expectations.
  • Webcast replay https://edge.media-server.com/mmc/p/m5qfhwz4/.
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Strong results, no meaningful credit impact expected.

  • Legrand reported revenue 5% ahead of consensus.
  • EBITDA beat by 12%. Results were helped by stronger positioning in data centers.
  • FY FCF of €540bn, ahead of €450mn expected. Reported net leverage of 1.5x, down from 1.7x QoQ.
  • Revenue growth, which includes acquisitions, is targeted at 6-10%. Consensus has 6%. It sees adj. EBIT margins flat, in line with expectations.
  • Webcast replay https://edge.media-server.com/mmc/p/m5qfhwz4/.