Legrand Posts Strong 2024 Performance Amid Challenging Market Conditions

Legrand, a global leader in electrical and digital building infrastructure, has released its consolidated financial results for 2024, showcasing a remarkable resilience in the face of a depressed building market in many regions. Despite these headwinds, the company has successfully achieved its annual targets, with sales growth of 3.9% and an adjusted operating margin of 20.5%. This impressive performance is a testament to Legrand’s strategic vision and operational excellence.

Key Highlights

• Sales growth of 3.9% in 2024, outpacing the market and demonstrating the company’s ability to adapt to changing market conditions
• Adjusted operating margin of 20.5%, a significant increase from previous years, reflecting the company’s focus on operational efficiency and cost optimization
• Net profit and free cash flow saw substantial increases, indicating a strong financial position and ability to invest in growth initiatives

Datacenter Business and M&A Activity

Legrand’s datacenter business has experienced substantial growth, now accounting for 20% of sales, a clear indication of the company’s commitment to this high-growth segment. In addition, the company has made nine strategic acquisitions in the past year, further expanding its portfolio of innovative products and solutions. This strategic M&A activity has positioned Legrand for future growth and market expansion.

Future Outlook

With a steady stream of new product launches and high customer satisfaction, Legrand is well-positioned to accelerate growth in 2025. The company aims to achieve a 6-10% increase in sales, driven by its continued focus on innovation, operational excellence, and strategic growth initiatives. As the global building market continues to evolve, Legrand remains committed to its vision of creating a more connected, sustainable, and efficient built environment.