Legrand SA (OTCPK:LGRVF) Q1 2025 Earnings Name Might 7, 2025 3:30 AM ET
Firm Contributors
Benoît Coquart – Chief Govt Officer
Franck Lemery – Chief Monetary Officer
Convention Name Contributors
Max Yates – Morgan Stanley
Ilaria Buricelli – Goldman Sachs
Gael de-Bray – Deutsche Financial institution
Ben Uglow – Oxcap
Alasdair Leslie – Bernstein
Martin Wilkie – Citi
Jonathan Day – HSBC
Eric Lemarié – CIC Market Options
Alexander Virgo – Financial institution of America
Andre Kukhnin – UBS
George Featherstone – Barclays
Operator
Good morning, girls and gents, and welcome to immediately’s Legrand’s 2025 First Quarter Outcomes Convention Name. To your data, this convention is being recorded. [Operator Instructions] Presently, I wish to hand the decision over to CEO, Mr. Benoît Coquart; and CFO, Mr. Franck Lemery. Please go forward, sir.
Benoît Coquart
Thanks very a lot. Hiya. Good morning, everyone. Franck, Ronan and I are glad to welcome you to the Legrand 2025 Q1 convention name and webcast.
As you recognize, now we have revealed immediately a press launch, monetary statements and a slide present to which we’ll refer. After a number of opening remarks, we’ll remark the outcomes into extra particulars. I start on Web page 4 of the deck with the three key highlights of this launch. First, Legrand studies robust development in gross sales with an acceleration of development in information facilities along with very strong ends in Q1, in step with our expectations. Second, we’re actively executing our strategic plan for 2030; and third, we affirm our full-year targets. We will even contact a number of phrases on the important thing matters on the agenda of our incoming Basic Assembly of shareholders.
Transferring to Pages 6 and seven, I’ll begin with one other view of gross sales. Within the first quarter of 2025, excluding FX, our gross sales grew by plus level – sorry, by
