Regulatory News:
Legrand (Paris:LR) is hosting a virtual Capital Markets Day on
September 22, 2021, broadcast live from company headquarters in
Limoges, France. On this occasion, the Executive Committee will
review how the Group is accelerating its value creating growth.
I. A unique model focused on value
creation
Benoît Coquart (CEO) and Franck Lemery (CFO) will provide
insights into the pillars of Legrand’s unique model focused on
value creation (leadership positions1, innovation, bolt-on2
acquisition strategy, proven management processes, entrepreneurial
spirit and more), and will also review its front-running financial
and ESG performance.
II. Accelerating growth
initiatives
Benoît Coquart and Gloria Glang (EVP, Strategy and Development)
will present the Group’s strategic roadmap.
Legrand is currently accelerating its profitable and responsible
value creation by taking full advantage of the business cycle now
getting under way. This includes a large number of initiatives
designed to accelerate Legrand’s development, in particular in
faster expanding segments – datacenters, the connected products
offerings under the Eliot program, and energy efficiency solutions.
The aim is to increase these segments’ contribution to Group sales
from 31% in 2020 to 50% in the medium term.
Each of the Group’s three geographical regions illustrates one
of its key strategic focuses:
- Frédéric Xerri (EVP Europe): Eliot in
Europe, - John Selldorff (CEO of Legrand North & Central
America): energy efficiency programs in the United States, and -
Jean-Luc Cartet (EVP Asia Pacific, Africa, Middle East, South
America): datacenters in the Rest of the world
III. Optimizing resources, fostering
talent
Antoine Burel (Deputy CEO, COO) and Karine Alquier-Caro (Chief
Purchasing Officer) will describe how Legrand is pursuing its focus
on operation excellence.
Bénédicte Bahier (Chief Human Resources Officer) will highlight
the many assets of Legrand’s corporate culture and structures, with
notably an employee engagement rate of 80% in 2021, strongly
progressing compared with 2017. She will also highlight the Group’s
priorities for diversity, inclusion and talent.
IV. Confirming mid-term targets
Lastly, the day will be an opportunity for Legrand to confirm
the mid-term targets it announced on February 11 this year3. Over a
full economic cycle and excluding a major economic slowdown, the
Group aims for:
- an average annual growth in sales, excluding exchange-rate
effects, of between +5% and +10%, - an average adjusted operating
margin4 of approximately 20% of sales, - a normalized free cash
flow of between 13% and 15% of sales on average.
At the same time, Legrand will continue to deploy a bold and
exemplary ESG approach, driven by demanding roadmaps, with a
particular focus on the fight against global warming and the
promotion of diversity. The fifth CSR roadmap will start in 2022
and will be led by Virginie Gatin (EVP CSR) who was recently
appointed to the Executive Committee5.
The detailed presentation that will be shared during the event
and a link to the webcast can be found on Legrand’s website at
https://www.legrandgroup.com/en/investors-and-shareholders/investor-day/capital-markets-day-2021.
-----------------
Key financial dates:
- Capital Markets Day: September 22, 2021
- 2021 nine-month results: November 4, 2021 “Quiet
period6” starts October 5, 2021
- 2021 annual results: February 10, 2022 “Quiet period1”
starts January 11, 2022
- General Meeting of Shareholders: May 25, 2022
About Legrand Legrand is the global specialist in
electrical and digital building infrastructures. Its comprehensive
offering of solutions for commercial, industrial and residential
markets makes it a benchmark for customers worldwide. The Group
harnesses technological and societal trends with lasting impacts on
buildings with the purpose of improving life by transforming the
spaces where people live, work and meet with electrical, digital
infrastructures and connected solutions that are simple, innovative
and sustainable. Drawing on an approach that involves all teams and
stakeholders, Legrand is pursuing its strategy of profitable and
sustainable growth driven by acquisitions and innovation, with a
steady flow of new offerings—including Eliot* connected products
with enhanced value in use. Legrand reported sales of €6.1 billion
in 2020. The company is listed on Euronext Paris and is notably a
component stock of the CAC 40 and CAC 40 ESG indexes. (code ISIN
FR0010307819). https://www.legrandgroup.com
*Eliot is a program launched in 2015 by Legrand to speed up
deployment of the Internet of Things in its offering. A result of
the group’s innovation strategy, Eliot aims to develop connected
and interoperable solutions that deliver lasting benefits to
private individual users and professionals.
https://www.legrandgroup.com/en/group/eliot-legrands-connected-objects-program
Disclaimer
This press release may contain forward-looking statements which
are not historical data. Although Legrand considers these
statements to be based on reasonable assumptions at the time of
publication of this release, they are subject to various risks and
uncertainties that could cause actual results to differ from those
expressed or implied herein.
Details on risks are provided in the Legrand Universal
Registration Document filed with the Autorité des marchés
financiers (Financial Markets Authority, AMF), which is available
on-line on the websites of both AMF (www.amf-france.org) and
Legrand (www.legrandgroup.com).
No forward-looking statement contained in this press release is
or should be construed as a promise or a guarantee of actual
results, which are liable to differ significantly. Therefore, such
statements should be used with caution, taking into account their
inherent uncertainty.
Subject to applicable regulations, Legrand does not undertake to
update these statements to reflect events or circumstances
occurring after the date of publication of this release.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy Legrand shares in any
jurisdiction.
1 Ranked number 1 or 2 in a given geographical market and market
segment. 2 Acquisitions that complement Legrand’s activities. 3 For
more information, readers are referred to the press release dated
February 11, 2021. 4 Including restructuring costs. 5 For more
information, readers are referred to the press release dated
September 2, 2021. 6 Period of time when all communication is
suspended in the run-up to publication of results.
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version on businesswire.com: https://www.businesswire.com/news/home/20210921006031/en/
Investor relations Legrand Ronan Marc Tel: +33 (0)1 49 72
53 53 ronan.marc@legrand.fr
Press relations Publicis Consultants Laurence Bault Mob:
+33 (0)7 85 90 63 36 laurence.bault@publicisconsultants.com
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