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Article: Legrand Reports Fiscal Results for First Nine Months of 2009
- Article from:
- Wireless News
- Article date:
- November 11, 2009
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Wireless News
11-11-2009
Legrand Reports Fiscal Results for First Nine Months of 2009
Type: News
In the first nine months of 2009, Legrand achieved a maintainable adjusted operating margin of 17.9 percent despite a 15.7 percent decline in sales at constant scope of consolidation and exchange rates, and generated a high level of free cash flow, the company reported.
"These results illustrate the responsiveness of our group, which has continuously adapted spending to changes in sales since mid- 2008," said Gilles Schnepp, Chairman and CEO of Legrand. "The performances achieved in this way have been associated with the in- depth efforts of our teams to improve group practice and structure.
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