Legrand ended 2020 down 7.9%. Sales in 2020 amounted to EUR 6,099.5 m, compared to EUR 6,622.3 m in 2019. The operating profit was EUR 1,065.4 m, minus 13.9%.
The decline in the established, mature markets was 8.5%, in the new economies it was minus 9.4%. This trend was mainly due to the deteriorating health and economic environment, as well as the steady depletion of inventory by distributors.
In Europe the share of sales was 39.3%, in North and Central America 40.7% and in the rest of the world 20%.
To supplement and complete the program, four new companies were taken over in 2020: Champion One in Cleveland and Focal Point in Chicago / USA, Compose in Sint-Michielsgestel / NL, and Borri in Bibbiena / IT.