LEGRAND SA

LR

Equity

ISIN FR0010307819 / Valor 2501522

Euronext - Euronext Paris (2024-09-17)

EUR 103.55+1.02%

LEGRAND SA
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About company

LEGRAND SA is a global leader in the electrical and digital building infrastructure industry, with a significant presence in nearly 90 countries and a diverse workforce of nearly 38,000 employees. The company reported in 2022 a product portfolio that spans over 300,000 references across more than 100 product families. LEGRAND's offerings are designed to meet the comprehensive needs of various types of buildings, including residential, commercial, and industrial spaces. The company's solutions encompass control and management of electrical installations, power distribution, energy efficiency measures, structured cabling, and security systems, among others. LEGRAND's strategy focuses on innovation and sustainability, aiming to address the evolving technological and societal changes, including digitalization and environmental sustainability. The company holds leading market positions in several key regions, including France, Italy, and the United States, with a significant portion of its sales coming from products that rank first or second in their markets.

Summarized from source with an LLMView SourceSector: Technology

Sales Performance

LEGRAND SA reported a slight decline in sales for the first half of 2024. Despite this, the company maintained very firm margins and robust free cash flow, demonstrating resilience in a challenging market environment.

Acquisitions

In the first half of 2024, LEGRAND SA announced five acquisitions, including three in the datacenter segment. These acquisitions are expected to contribute more than €200 million in additional annual revenue, highlighting the company's aggressive growth strategy.

Product Innovation

LEGRAND SA continued its strong momentum in product innovation during the first half of 2024. The company launched several new products, including the new Céliane iconic range of wiring devices in France, reinforcing its commitment to innovation.

Financial Targets

LEGRAND SA has maintained its full-year targets for 2024, despite the slight retreat in sales. The company remains confident in its strategic direction and financial outlook for the remainder of the year.

CEO's Commentary

Benoît Coquart, LEGRAND SA’s Chief Executive Officer, commented on the first-half results for 2024, noting the limited retreat in sales but emphasizing the very firm margins and strong free cash flow. He highlighted the company's relentless innovation and strategic acquisitions as key drivers of future growth.

Summarized from source with an LLMView Source

Key figures

17.2%1Y

6.38%3Y

57.3%5Y

Performance

20.3%1Y

22.8%3Y

25.5%5Y

Volatility