Legrand SA (OTCPK:LGRVF) Q4 2024 Earnings Call February 13, 2025 2:30 AM ET
Company Participants
Benoît Coquart – Chief Executive Officer
Franck Lemery – Chief Financial Officer
Conference Call Participants
Alasdair Leslie – Bernstein
Daniela Costa – Goldman Sachs
George Featherstone – Barclays
Phil Buller – Berenberg
Gael de-Bray – Deutsche Bank
Max Yates – Morgan Stanley
Martin Wilkie – Citi
Alexander Virgo – Bank of America
Andre Kukhnin – UBS
James Moore – Redburn Atlantic
Eric Lemarié – CIC Market Solutions
Jonathan Day – HSBC
Benoît Coquart
Hello, everybody, Benoît speaking. Thank you for connecting. I am with Franck Lemery, our CFO and Ronan Marc, and we are happy to welcome you to the Legrand 2024 Full Year Results Presentation. Please note that this call is recorded.
As you know, we have published today our press release, financial statements and a slide show to which we will refer. After a few opening remarks, we will comment the results into more details. I begin on Page 4 with the three key takeaways of this release. First, we fully achieved our 2024 targets with both a nice growth coming from data centers and M&A and high levels of profitability and cash generation. Second, the main initiatives we pursued in 2024 are clearly putting us on track to meet our 2030 ambitions. Third, we are setting 2025 targets aimed at accelerating growth with sales up between plus 6% and plus 10% for the full year.
Starting on Page 6, we fully achieved our targets for 2024 with organic plus M&A sales up plus 3.9%, 20.5% adjusted EBIT margin after acquisitions and 113% of CSR achievement rate.
Moving to Page 7, I will comment the sales trend. In 2024, excluding FX and Russia, our sales increased by almost plus 4%, including an organic trend of plus 1% and a
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