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 (proforma¹)
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%

Benoît Coquart, Legrand’s Chief Executive Officer, commented:
“Legrand had an excellent fourth quarter, with organic sales growth of +6.2%, adjusted operating margin of 20.7%, and free cash flow of €541 million. This quarter concludes in a good way a year 2024, where, despite a generally depressed building market in most of our geographies, the Group recorded further growth in sales and very good results.

We recently presented our strategic roadmap for 20301, which calls for accelerating sales growth, both in our traditional products and in new solutions supporting the energy and digital transition, and 2024 is a perfect illustration of our ambitions with, in particular:

• a very steady stream of acquisitions, with 9 deals announced over the last twelve months, and a very active pipeline;
• stronger positions in datacenters, which now account for around 20% of Group sales (proforma2) and grew organically by close to +15% in 2024;
• dynamic innovation, notably with numerous new product launches;
• strategic initiatives in terms of production capacity, digitalization and optimization of our cost structure;
• a high and steadily rising level of customer satisfaction;
• unwavering commitment from our teams, as seen in our latest survey, which set engagement at 80% in 2024;
• full achievement of goals set in our fifth CSR roadmap, with a completion rate of 113%. Over 3 years this includes, for example, a -53% reduction in our direct carbon emissions (Scopes 1 & 2) and a rise in the percentage of female managers to reach more than 30%.

In 2025, we will continue the methodical execution of our strategic roadmap, aiming for accelerated sales growth on the one hand, and earnings and cash flow above industry standards on the other.”

⁽¹⁾ After taking into consideration 12 months of turnover for the companies acquired over the year.