Legrand SA
PAR:LR

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Legrand SA Logo
Legrand SA
PAR:LR
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Price: 129.9 EUR -0.69% Market Closed
Market Cap: 34.1B EUR

Legrand SA
Investor Relations

Nestled in the heart of Limoges, France, Legrand SA has quietly illuminated both residential and commercial environments around the globe, becoming a veritable powerhouse in the electrical and digital infrastructure sectors. Founded in the late 19th century, Legrand started as a porcelain workshop before transforming into a tech-savvy conglomerate. Today, the company is renowned for its adeptness at manufacturing and distributing electrical solutions, like switches, sockets, and home automation systems. By consistently investing in innovation and acquiring complementary businesses, Legrand has built an impressive portfolio that promises both aesthetic and functional enhancements. Through its strategic prowess, Legrand has tapped into the growing demand for energy-efficient and digitally-savvy infrastructures across numerous markets.

The heart of Legrand's business model lies in its ability to seamlessly blend reliability with cutting-edge technology, offering comprehensive solutions that cater to diverse needs, from basic electrical necessities to advanced smart home products. Revenue streams primarily flow from its robust network of wholesalers and retailers, extending its reach to electricians, contractors, and end-users. By maintaining a nimble approach to product development, the company navigates the dynamic landscape of energy management, leveraging insights into global trends towards sustainability and smart living. Furthermore, Legrand's commitment to a sustainable future is not just a side project but a driving force, reflected in its ambitious environmental goals and innovative product lines. Through a combination of strategic acquisitions and organic growth, Legrand has managed to light up its path from a modest French establishment to a global leader, all while remaining faithful to its roots in quality and innovation.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 7, 2025
AI Summary
Q1 2025

Strong Growth: Legrand reported robust Q1 sales growth of 11.2% excluding currency, with organic growth at 7.6% and particularly strong performance in data centers.

Data Center Surge: Data center sales grew by more than 40%, significantly outpacing other business lines and driving nearly all North American growth.

Margin Resilience: Adjusted operating margin reached 20.7% in Q1, with management reaffirming guidance to keep margins stable for the full year despite tariff headwinds.

Tariff Impact & Actions: Management expects $150–200 million additional annual costs from tariffs but plans to fully offset this through price increases and operational adjustments, mostly in the US.

Guidance Confirmed: Full-year targets for sales growth (6–10%) and margin stability were reiterated, supported by a strong order book and ongoing execution of strategic plans.

No Prebuy Effect: Management stated there was no significant customer prebuying ahead of tariffs, with data center demand seen as genuine end-customer demand.

Mixed Market Conditions: Europe remains sluggish with no early signs of recovery, while China and Brazil are weak, India and Middle East are growing, and US non-data center construction is still soft.

Key Financials
Sales Growth (excluding FX)
11.2%
Organic Sales Growth
7.6%
Scope from Acquisitions
3.3%
FX Impact (Q1)
1%
North and Central America Sales Growth
18.7%
Europe Organic Sales Growth
-0.3%
Rest of World Sales Growth
4.8%
Adjusted Operating Margin
20.7%
Net Profit
EUR 293 million
Net Profit Margin
12.9%
Free Cash Flow
EUR 188 million
Free Cash Flow Margin
8.3%
Net Debt to EBITDA Ratio
1.5x
Proposed Dividend (2024)
EUR 2.2 per share
Data Center Sales Growth (Q1)
More than 40%
Q1 Price Increase
0.2%
Restructuring Charges (Q1)
EUR 17 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Antoine Burel
Deputy CEO & Executive VP of Group Operations
No Bio Available
Mr. Ronan Marc
Investor Relations Officer
No Bio Available
Ms. Bénédicte Bahier
Executive Vice President of Human Resources
No Bio Available
Mr. Frédéric Xerri
Executive Vice President of Europe
No Bio Available
Mr. Jean-Luc Cartet
Executive Vice President of Asia-Pacific, Middle East & Africa and South America
No Bio Available
Ms. Virginie Gatin
Executive Vice President of Corporate Social Responsibility
No Bio Available
Mr. Brian DiBella
President & CEO of Legrand North & Central America
No Bio Available
Mr. Doug Bielefeld
Treasurer
No Bio Available
Mr. Ravi Ramanathan
VP & GM of Starline Business
No Bio Available

Contacts

Address
NOUVELLE-AQUITAINE
Limoges
128 Av. du Marechal de Lattre de Tassigny
Contacts
+33555068787.0
www.legrandgroup.com