Legrand SA Q3 2025 Earnings Recap

Legrand achieved robust growth in sales with a 14.5% increase year-to-date, supported by strong performance in data centers and strategic acquisitions, while maintaining solid profitability margins.

Key Takeaways

• Sales increased 14.5% excluding FX, with organic growth of 8.2%, primarily driven by a 30% rise in data center revenues.
• Adjusted operating margin improved to 20.7%, up 20 bps year-on-year, reflecting robust operational execution and adaptation to market conditions.
• Announced seven acquisitions to enhance presence in energy and digital sectors, with a total annualized sales contribution of approximately EUR 500 million.
• Free cash flow increased by 16.3% to EUR 871 million, indicating strong cash generation capabilities.
• Full-year guidance reaffirms growth targets of 10% to 12% and operating margin of 20.5% to 21%, aligning with previous forecasts.