Legrand has announced a 14.9% increase in net income (group share) to 1.15 billion euros for 2023, with an adjusted operating margin up 0.6 points to 21% on stable sales (+0.9%) to 8.42 billion (+4.7% excluding foreign exchange and Russia).

A dividend payment of 2.09 euros per share for 2023, up 10%, will be proposed by the specialist in electrical and digital building infrastructures to its AGM of shareholders on May 29.

For 2024, Legrand anticipates slightly positive organic sales growth and growth through acquisitions ('low single digit') and an adjusted operating margin before acquisitions of 20 to 20.8%.

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