Confirmed FY guidance (Il Sole 24 Ore Radiocor) - Paris, 03 May - The French producer of electrical equipment Legrand said that in the first quarter net profit fell 16.5% to 275.9 million euros as revenue dropped 5.6% to 2.028 billion.

Operating profit declined to 14.0% to 387.5 million euros.

Free cash flow fell 55.9% to 146.1 million euros, while normalized free cash flow contracted 6.9% to 362.6 million.

Legrand confirmed its full-year targets unchanged.

The company aims for low single-digit sales growth, organic and through acquisitions and an adjusted operating margin before acquisitions of 20.0-20.8%.

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(RADIOCOR) 03-05-24 12:49:02 (0287) 5 NNNN