Legrand reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales of EUR 1,092.9 million against EUR 1,086.2 million for the same period last year. Adjusted operating income was EUR 216.1 million against EUR 221.9 million for the same period last year. Operating income was EUR 208.6 million against EUR 215.9 million for the same period last year. Net income excluding minorities was EUR 124.5 million against EUR 123.3 million for the same period last year. Free cash flow was EUR 22.0 million against EUR 80.8 million for the same period last year. Net financial debt at March 31, 2013 was EUR 1,176 million against EUR 1,214 million at March 31, 2012. Cash flow from operations is solid at EUR 170.8 million or 15.6% of sales. CapEx represented 2.3% of sales. Based on previously announced acquisitions and their consolidation dates, changes in the scope of consolidation should boost growth in consolidated sales of the company by around 2% in 2013. Organic growth in sales at between negative 2% and positive 2% and adjusted operating margin before acquisitions at between 19% and 20% of sales. The company expected full year normalized free cash flow to reach between 12% to 13% of sales in 2013.

Legrand, Q1 2013 Earnings Call, May 07, 2013

Legrand reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported sales of EUR 4,466.7 million against EUR 4,250.1 million a year ago. Adjusted operating income was EUR 874.4 million against EUR 856.7 million a year ago. Operating income was EUR 848.0 million against EUR 812.3 million a year ago. Net income excluding minorities was EUR 505.6 million against EUR 478.6 million a year ago. Free cash flow was EUR 627.0 million against EUR 522.7 million a year ago. Net financial debt was EUR 1,082.5 million as on December 31, 2012 against EUR 1,268.8 as on December 31, 2011. Sales were up 5.1% compared to last year with sales in new economies rising 13.5%. In addition to this, EUR 120 million in CapEx, out of which more than 50% is dedicated to new products. The company proposed a dividend of EUR 1.00 per share, up 7.5%, payable on June 3, 2013. The ex-dividend date is May 29, 2013. The company has set its 2013 targets for organic growth in sales between at negative of 2% and positive of 2% and for adjusted operating margin before acquisitions at between 19% and 20% of sales.