Legrand SA Shatters Expectations with 15% Sales Surge

Legrand SA, the French industrial powerhouse, has delivered a resounding blow to the market with a 15% increase in sales for the first half of 2025, a staggering growth that defies exchange-rate headwinds. This remarkable performance is a testament to the company’s unwavering commitment to innovation and strategic expansion.

The company’s adjusted operating margin has also seen a significant boost, soaring to 21.0% after a series of astute acquisitions. This upward revision is a clear indication of Legrand’s ability to navigate the complex landscape of the electrical devices market with ease.

But what’s behind this phenomenal growth? The answer lies in the datacenter market, where Legrand has managed to carve out a 9% increase in sales over the half year. This is a clear demonstration of the company’s ability to identify and capitalize on emerging trends, positioning itself for long-term success.

But Legrand’s ambitions don’t stop there. The company has revised its full-year targets upward, expecting sales growth of 10-12% excluding exchange-rate impact and an adjusted operating margin of 20.5-21.0% of sales. This is a bold move, but one that is well-deserved given the company’s impressive track record.

And in a move that cements its position as a market leader, Legrand has announced the acquisition of a majority stake in Cogelec, a French specialist in access control. This strategic move further expands Legrand’s offerings, solidifying its position as a one-stop-shop for electrical devices and solutions.

Key Takeaways:

• 15% sales growth for the first half of 2025, excluding exchange-rate impact
• Adjusted operating margin of 21.0% after acquisitions
• 9% increase in sales in the datacenter market
• Revised full-year targets: 10-12% sales growth and 20.5-21.0% adjusted operating margin
• Acquisition of a majority stake in Cogelec, a French specialist in access control