Legrand:Decision of the French Competition Authority on the Application of Derogated Prices in France

30 Oct 2024 07:30 CET

Regulatory News:

Legrand (Paris:LR):

Legrand has taken note of the enforceable decision of the French Competition Authority ordering Legrand to pay a fine of €43 million for the application of derogated prices on the French market between 2012 and 2015.

Legrand categorically rejects the allegation made against it and reserves the right to appeal this decision.

Legrand reiterates its firm commitment to comply strictly with applicable law, in particular competition law.

----------

Key financial dates

• 2024 nine-month results : November 7, 2024
  Quiet period¹” starts : October 8, 2024

• 2024 annual results : February 13, 2025
  “Quiet period1” starts : January 14, 2025

• 2025 first-quarter results: : May 7, 2025
  “Quiet period¹” starts : April 7, 2025
  
  
• General Meeting of Shareholders : May 27, 2025

About Legrand

Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide.

The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable.

Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings).

Legrand reported sales of €8.4 billion in 2023. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC SBT 1.5 indexes. (code ISIN FR0010307819).

https://www.legrandgroup.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20241029444107/en/

Investor relations & Financial communication
Ronan MARC (Legrand)
+33 1 49 72 53 53
ronan.marc@legrand.com

Press relations
Lucie DAUDIGNY (TBWA)
+33 6 77 20 71 11
lucie.daudigny@tbwa-corporate.com