Half Year 2024 Legrand SA Earnings Call Transcript

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Jul 31, 2024

Jul 31, 2024 / 08:00AM GMT
Benoît Coquart - Legrand SA - Chief Executive Officer, Member of the Executive Committee, Director

Thanks a lot. Good morning, everybody. Franck, Ronan and me are happy to welcome you to the Legrand 2024 first half results conference call and webcast.

As you know, this call is recorded. So we have published today our press release, financial statements and a slide show to which we will refer. Those documents are, as usual, available on the Legrand website.

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, in a building market that remains depressed in many geographies, Legrand reports good resilience in the first half including sales growth in the second quarter and very firm margins.

Second, we are actively rolling out our strategy through acquisitions and renovation. Last, we confirm our full year targets. As a reminder, we will host a Capital Markets Day in September 2024 in London.

So moving now to Page 6 and to Page 7, I will start with an overview

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