The investors CSR digital event held on March 25, 2025, is the opportunity for Legrand to launch its 6th CSR roadmap1 for the period 2025-2027. In the presence of Benoît Coquart, CEO, Virginie Gatin, EVP CSR and Franck Lemery, CFO, this event is broadcast live and will be available for replay on the Group's website www.legrandgroup.com.
Legrand today completed a fixed-rate bond issue for an amount of €500 million with a 10-year maturity and an annual coupon of 3.625%.
This operation raises the average maturity of bond debt to 5.7 years, with the next repayment date set for March 6, 2026 for an amount of €400 million.
The success of this issue, subscribed close to 3 times at closing, demonstrates once again investor confidence in the soundness of Legrand’s development model.
Legrand has published its 2024 gender equality index with a score of 93 points out of 100, stable compared to 2023 and up 8 points since 2018, when the index was first published.
Legrand announces that is has been awarded an 'A' rating by the CDP* Climate Change 2024. The "A" list includes companies recognized worldwide for their excellence in climate action, strategy, governance, and results.
Legrand fully achieves annual targets
Sales growth (organic and acquisitions): +3.9%
Adjusted operating margin: 20.5% (after acquisitions)
Net profit attributable to the Group: 13.5% of sales
Free cash flow: €1.3 billion, 14.9% of sales
CSR roadmap achievement rate: 113% in 2024
The Group is on track to meet 2030 ambitions
Strong growth in datacenter business which now represents 20% of sales (proforma)
9 acquisitions announced in the past 12 months, including 1 announced today
Very steady stream of new product launches
High and increasing customer satisfaction
2025: Legrand aims to accelerate growth
Sales growth (organic and acquisitions): +6% to +10%
Legrand recorded a quarterly sales increase of +2.4% (excluding exchange rates and Russia) driven by acquisitions and datacenters
Performance at end of September
9M sales trends: +0.3% excluding exchange rates and Russia
Adjusted operating margin: 20.5%
Net profit attributable to the Group: 13.4% of sales
7 acquisitions announced since the beginning of the year, including 4 in datacenters
Around €350 million additional revenue on an annual basis
2024 full-year targets specified
2030 ambitions: 2030 sales of between €12bn and €15bn, buoyed by offers linked to the energy and digital transition
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.
Legrand is hosting a Capital Markets Day in London on September 24, 2024, webcast live.
For the Group, this event is an opportunity to outline the pillars of its intensely value-creating strategic model and announce its ambitions for 2030.
Good resilience in the first half, including sales growth in the second quarter and very firm margins
H1 sales trends: -2.0%, i.e. -0.7% excluding exchange rates and Russia
Adjusted operating margin: 20.7%
Net profit attributable to the Group:13.7% of sales