Legrand Aims To Reach Eur 13-15 Bln sales by 2030
Sept 24 (Reuters) -Legrand SA LEGD.PA:
2030 AMBITIONS ILLUSTRATE THE GROUP'S STRATEGY OF ACCELERATING ITS PROFITABLE AND RESPONSIBLE GROWTH, WITH SALES IN 2030 IN A RANGE OF €12-15 BILLION
LEGRAND - FREE CASH FLOW GENERATION OF NEARLY EUR 10 BILLION FROM 2025 TO 2030
2030 AMBITIONS: INCLUDING SALES GROWTH EXCLUDING IMPACT OF EXCHANGE RATES OF BETWEEN +6% TO +10% IN CAGR, WITH +3% TO +5% ORGANIC CAGR AND +3% TO +5% CAGR RELATED TO ACQUISITIONS
AMBITIONS 2030: AVERAGE ADJUSTED OPERATING MARGIN OF AROUND 20% OF REVENUE, INCLUDING +30 TO +50 BASIS POINTS OF ANNUAL ORGANIC IMPROVEMENT AND -30 TO -50 BASIS POINTS OF ANNUAL DILUTION FROM ACQUISITIONS
AMBITIONS 2030: CAPITAL ALLOCATION POLICY PRIORITIZING ACQUISITIONS (AT LEAST 50% OF AVERAGE FREE CASH FLOW) AND ATTRACTIVE DIVIDEND PAYMENT
2030 AMBITIONS: OVER PERIOD, AROUND EUR 5 BILLION WILL THUS BE DEDICATED TO ACQUISITION OF COMPANIES
2030 AMBITIONS: ACHIEVEMENT OF 80% OF TOTAL SALES QUALIFYING AS ECO-RESPONSIBLE SALES, AND A REDUCTION IN SCOPE 1, 2 AND 3 EMISSIONS IN LINE WITH LEGRAND'S NET ZERO 2050 COMMITMENT
Source text for Workspace: ID:nBwcwZLra
Further company coverage: LEGD.PA
(Gdansk Newsroom)
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