Earnings release
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LlegrandⓇ PRESS RELEASE Benoît Coquart , Legrand's Chief Executive Officer , commented : Limoges , May 6 , 2021 2021 first - quarter results Strong growth in sales and financial results Organic rise in sales : + 13.1 % Adjusted operating margin before acquisitions¹ : 21.9 % of sales Net profit attributable to the Group : + 36.4 % Full - year 2021 targets raised " In the first quarter of 2021 , our revenues showed a steep rise in all regions . At constant scope of consolidation and exchange rates , sales were up + 13.1 % from the first quarter of 2020 , which represents a + 4.9 % increase over two years² and reflects Legrand's stronger positions in our markets . This growth momentum was driven by buoyant demand in residential and datacenter markets , as well as by the moves made in 2020. These included in particular the decision to maintain services to our customers throughout the year's lockdowns ; sales and marketing initiatives ; our vigorous and ongoing program of new - product development and launches ; and stepped - up investment in digital technologies . Our first - quarter results reflect a good start to the current year , with adjusted operating margin ( before acquisitions¹ ) equal to 21.9 % of sales , net profit attributable to the Group up + 36.4 % , and normalized free cash flow at 16.5 % of sales . Drawing on fundamentals that were strengthened during the crisis ( leadership positions , excellent customer relations , innovation , financial and ESG performance ) , Legrand is well positioned to take full advantage of the next economic cycle , particularly in the growing segments of the buildings of tomorrow . " ¹ At 2020 scope of consolidation . 2 Two - year compounded result of published organic changes in the first quarter of 2020 and the first quarter of 2021 . 1/12 Readers are invited to verify authenticity of press releases by Legrand with the CertiDox app . More information on www.certidox.com CertiDox ✔