Earnings release
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L1 legrand® First nine months of 2021 results Strong rise in financial results Organic rise in sales : + 16.0 % Adjusted operating margin : 21.4 % of sales Rise in net profit : + 42 % Full - year 2021 targets specified PRESS RELEASE Limoges , November 4 , 2021 Benoît Coquart , Legrand's Chief Executive Officer , commented : " Sales for the first nine months of the year were up + 15.0 % year on year , i.e. + 5.7 % over two years . This performance included a strong + 16.0 % organic rise year on year , with a + 4.4 % increase over two years , confirming Legrand's continued capacity to improve its competitive positions on its markets as pressures built on supply chains . In the first nine months of 2021 , adjusted operating margin came to 21.4 % and net profit rose by + 42 % , or + 12 % over two years . Full - year 2021 targets specified² These very good results testify once again to the soundness and relevance of our unique model for value creation , where our mid - term ambitions – particularly in faster expanding segments such as datacenters , connected products in the Eliot program , and energy efficiency programs were presented in detail to investors at our Capital Markets Day on September 22¹ . " - Given solid showings in the first nine months of the year , but also significant pressure on supply chains with a volatile pandemic environment , Legrand is now aiming for the following full - year targets : - organic growth in sales of between + 11 % and + 13 % , compared to at least + 10 % previously ; - a scope of consolidation effect of nearly + 3 % ; - an adjusted operating margin of between 20.0 % and 20.5 % of sales ( including acquisitions consolidated in 2021 ) , compared to about 20 % previously . 1/11 The Group also aims to achieve at least 100 % of its CSR roadmap for 2021 , testifying to its ongoing deployment of a bold , exemplary approach to ESG , with a particular focus on the fight against global warming and the promotion of diversity . 1 For more information , readers are referred to the press release dated September 22 , 2021 . ² For more information , readers are referred to press releases dated July 30 , 2021 ; May 6 , 2021 ; and February 11 , 2021 . Readers are invited to verify authenticity of press releases by Legrand with the CertiDox app . More information on www.certidox.com CertiDox ✔