Legrand stock gains 2.35 percent as 2030 targets rise

Published on 09/29/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Legrand stock carries a 6.00 to 8.00 percent organic sales goal for 2027 to 2030. First-half 2026 organic growth reached 9.80 percent and adjusted margin 20.80 percent.

Moderne Fabrikhalle mit Robotern und Arbeitern bei Montage elektrischer Bauteile — Legrand SA (FR0010307819) betreibt moderne Produktionsanlagen für elektrische Schalter und Installationskomponenten mit Robotertechnik, Illustration mit AI erstellt.

Legrand (ISIN FR0010307819) was trading at EUR 145.03 at Lang & Schwarz on September 29, 2026 at 4:33 p.m. CEST, up 2.35 percent versus the prior close of EUR 141.70. The company has raised its medium-term targets as demand for data center infrastructure accelerates.

Legrand raises its 2030 targets

According to Legrand on September 28, 2026, organic sales growth is now targeted at 6.00 to 8.00 percent annually from 2027 to 2030, compared with the previous 3.00 to 5.00 percent goal. The updated plan also sets an adjusted operating margin target of 21.00 to 22.00 percent and free cash flow of 13.00 to 15.00 percent of sales.

The data center business is central to the strategy. Legrand said data centers represented 32.00 percent of sales at the end of the first half of 2026, while energy transition activities accounted for 22.00 percent and essential building infrastructure for 46.00 percent.

First half shows operating momentum

In its first-half 2026 results, Legrand reported sales of EUR 5,400.3 million, up 13.10 percent year over year. Organic growth reached 9.80 percent, adjusted operating margin was 20.80 percent, and net profit attributable to the Group rose 11.20 percent.

That operating base gives the revised targets a measurable starting point. The company also said data center sales should exceed EUR 3.0 billion in 2026, linking the investment cycle in artificial intelligence infrastructure to its higher medium-term ambitions.

Next results arrive November 5

According to Business Wire on September 3, 2026, Legrand is scheduled to publish its nine-month 2026 results on November 5, 2026. The stock's market capitalization was EUR 37.9 billion on September 29, 2026, while its 52-week range stood at EUR 94.36 to EUR 166.95.

Legrand stock gains 2.35 percent

Legrand stock was trading at EUR 145.03 at Lang & Schwarz on September 29, 2026 at 4:33 p.m. CEST, up 2.35 percent versus the Lang & Schwarz prior close of EUR 141.70 on September 28, 2026. The company trades on Euronext Paris under ticker LR and is included in the CAC 40.