LEGRAND / 2018 Registration document

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CONSOLIDATED FINANCIAL INFORMATION CONCERNING THE GROUP’S ASSETS, LIABILITIES, FINANCIAL POSITION AND RESULTS

CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH IFRS FOR THE YEARS ENDED DECEMBER 31, 2018 AND DECEMBER 31, 2017

Geographical segments

Europe

North and Central America

Rest of the world

12 months ended December 31, 2017 (in € millions)

France

Italy Rest of Europe

Total

Net sales to third parties

1,012.6

544.7

914.5

1,857.4

1,191.6

5,520.8

Cost of sales

(386.5)

(187.8)

(513.2)

(887.0)

(652.5)

(2,627.0)

Administrative and selling expenses, R&D costs

(397.7)

(162.1)

(234.3)

(641.0)

(328.6)

(1,763.7)

Other operating income (expenses)

(29.7)

(2.7)

(9.4)

(28.9)

(33.8)

(104.5)

Operating profit

198.7

192.1

157.6

300.5

176.7

1,025.6

W of which acquisition-related amortization, expenses and income W accounted for in cost of sales W accounted for in administrative and selling expenses, R&D costs W accounted for in other operating income (expenses)

0.0

0.0

0.0

(16.8)

0.0

(16.8)

(3.5)

(0.7)

(4.1)

(41.2)

(12.3)

(61.8)

0.0

0.0

(0.7)

0.0

0.0

(0.7)

W of which goodwill impairment

0.0

Adjusted operating profit

202.2

192.8

162.4

358.5

189.0

1,104.9

W of which depreciation expense

(27.2)

(17.4)

(13.6)

(15.5)

(25.4)

(99.1)

W of which amortization expense

(4.8)

(3.8)

(1.5)

(3.1)

(1.1)

(14.3)

W of which amortization of development costs

(21.7)

(8.8)

(1.5)

0.0

(0.7)

(32.7)

W of which restructuring costs

(9.1)

0.1

1.0

(3.9)

(9.3)

(21.2)

Capital expenditure

(38.5)

(24.8)

(25.4)

(27.4)

(28.5)

(144.6)

Capitalized development costs

(20.1)

(8.9)

(2.3)

0.0

(2.3)

(33.6)

Net tangible assets

178.4

119.7

93.7

101.6

129.0

622.4

Total current assets

663.8

120.3

411.7

525.2

707.5

2,428.5

Total current liabilities

882.5

194.7

172.1

275.5

371.0

1,895.8

8

265

LEGRAND

REGISTRATION DOCUMENT 2018