Legrand SA (OTCPK:LGRVF) Q1 2025 Earnings Title May 7, 2025 3:30 AM ET
Agency Contributors
Benoît Coquart – Chief Govt Officer
Franck Lemery – Chief Financial Officer
Conference Title Contributors
Max Yates – Morgan Stanley
Ilaria Buricelli – Goldman Sachs
Gael de-Bray – Deutsche Monetary establishment
Ben Uglow – Oxcap
Alasdair Leslie – Bernstein
Martin Wilkie – Citi
Jonathan Day – HSBC
Eric Lemarié – CIC Market Choices
Alexander Virgo – Monetary establishment of America
Andre Kukhnin – UBS
George Featherstone – Barclays
Operator
Good morning, ladies and gents, and welcome to instantly’s Legrand’s 2025 First Quarter Outcomes Conference Title. To your knowledge, this conference is being recorded. [Operator Instructions] Presently, I want to hand the choice over to CEO, Mr. Benoît Coquart; and CFO, Mr. Franck Lemery. Please go ahead, sir.
Benoît Coquart
Thanks very so much. Hiya. Good morning, everybody. Franck, Ronan and I are glad to welcome you to the Legrand 2025 Q1 conference identify and webcast.
As you acknowledge, now we’ve revealed instantly a press launch, financial statements and a slide current to which we’ll refer. After quite a lot of opening remarks, we’ll comment the outcomes into further particulars. I begin on Internet web page 4 of the deck with the three key highlights of this launch. First, Legrand research sturdy growth in product sales with an acceleration of growth in info services together with very robust ends in Q1, in keeping with our expectations. Second, we’re actively executing our strategic plan for 2030; and third, we affirm our full-year targets. We’ll even contact quite a lot of phrases on the vital factor issues on the agenda of our incoming Fundamental Meeting of shareholders.
Transferring to Pages 6 and 7, I’ll start with one different view of product sales. Throughout the first quarter of 2025, excluding FX, our product sales grew by plus degree – sorry, by
