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[...]

 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.  I. Legrand strategic model pillars Benoît Coquart (CEO), Franck Lemery (CFO) and Virginie Gatin (EVP CSR) will present Legrand’s unique strategic positioning and assets, which have grown stronger de[...]

7 acquisitions announced since the beginning of the year Legrand is continuing its bolt-on acquisition strategy and announced two new acquisitions today. UPSistemas is a Colombian specialist in the integration, commissioning, maintenance and monitoring of technical infrastructures, in particular for datacenters. Based in Bogota, and employing more than 300 people, UPSistemas reports annual revenue of around €30 million. After[...]

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 5 acquisitions announced since the beginning of the year, including 3 in datacenters More than €200 million additional revenue on an annual basis Str[...]

Legrand today completed a fixed-rate bond issue for an amount of €600 million with a 10-year maturity and an annual coupon of 3.5%. This operation raises the average maturity of bond debt to 5.3 years, with the next repayment date set for July 6, 2024 for an amount of €500 million. The success of this issue, subscribed 5.5 times over, demonstrates once again investor confidence in the soundness of Legrand’s development model. [...]

Legrand continues to pursue its growth strategy with two new acquisitions in the rapidly-growing datacenters market, a segment that represented 15% of the Group’s revenue in 2023. Davenham is an Irish specialist in low-voltage power distribution systems (protection, switching, metering and energy distribution) for datacenters, including hyperscalers. Its business also includes product commissioning and aftermarket services. Davenham is based in Dublin, employ[...]

In a building market in retreat, Legrand reports lower sales and good margin resilience in Q1 Sales: -5.6%, i.e. -3.7% excluding exchange rates and Russia Adjusted operating margin: 20.5% of sales Net profit attributable to the Group: 13.6% of sales 3 acquisitions announced since the beginning of the year 2024 full-year targets unchanged   Benoît Coquart, Legrand’s Chief Execut[...]

Legrand announces the validation by the Science-Based Target initiative (SBTi)1 of the Group's Net-Zero commitment, with a reduction of its greenhouse gas emissions (Scopes2 1, 2 and 3) of -90% between 2022 and 2050. This long-term carbon trajectory is accompanied by an acceleration of the Group's emission reduction targets by 2030 against a 2022 baseline: - -42% of Scopes 1 & 2 - -25% of Scope 3. Legrand also announces it is joining[...]

Legrand is actively implementing its development strategy with two acquisitions in the promising areas of assisted living, healthcare and datacenters, further strengthening the Group's leadership in its faster expanding segments. Enovation is the Dutch leader in healthcare software in the market for connected health and assisted living. Specializing in B-to-B, Enovation's offerings include software for remote monitoring of elderly and dependent persons usi[...]