LEGRAND_REGISTRATION_DOCUMENT_2017

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, 2017 and December 31, 2016

Geographical segments

Europe

North and Central America

Rest of the world

12 months ended December 31, 2016 (in € millions)

France

Italy

Others

Total

Net sales to third parties

977.8

529.4

844.6

1,496.7

1,170.4

5,018.9

Cost of sales

(360.8)

(186.8)

(478.3)

(701.9)

(653.2)

(2,381.0)

Administrative and selling expenses, R&D costs

(386.5)

(157.9)

(223.0)

(513.4)

(321.6)

(1,602.4)

Other operating income (expenses)

(24.6)

(2.4)

(9.5)

(20.2)

(44.8)

(101.5)

Operating profit

205.9

182.3

133.8

261.2

150.8

934.0

W of which acquisition-related amortization, expenses and income W accounted for in cost of sales

0.0

0.0

0.0

0.0

0.0

0.0

W accounted for in administrative and selling expenses, R&D costs

(3.2)

(0.2)

(5.0)

(22.9)

(13.2)

(44.5)

W accounted for in other operating income (expenses)

0.0

0.0

0.0

0.0

0.0

0.0

W of which goodwill impairment

0.0

Adjusted operating profit

209.1

182.5

138.8

284.1

164.0

978.5

of which depreciation expense

(26.0)

(18.2)

(13.8)

(12.7)

(25.8)

(96.5)

W of which amortization expense

(2.4)

(3.6)

(0.6)

(2.5)

(1.0)

(10.1)

W of which amortization of development costs

(21.9)

(7.5)

(0.6)

0.0

(0.5)

(30.5)

W of which restructuring costs

(8.7)

(1.3)

(5.7)

(0.8)

(8.6)

(25.1)

Capital expenditure

(33.1)

(30.1)

(14.3)

(25.3)

(23.5)

(126.3)

Capitalized development costs

(21.5)

(7.6)

(3.5)

0.0

(2.0)

(34.6)

Net tangible assets

174.3

116.4

86.1

78.6

142.0

597.4

Total current assets

826.3

124.1

327.2

398.2

706.6

2,382.4

Total current liabilities

689.8

173.7

129.2

217.3

354.7

1,564.7

08

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REGISTRATION DOCUMENT 2017 - LEGRAND