Legrand misses 9 months results expectations, shares seen down

Legrand SA

06/11/2025 07:57

** Shares in French electrical equipment maker Legrand  LEGD.PA, are seen down between 5% and 8% after missing sales and margin expectations for the first nine months of the year

** Its 9-month sales came in at 6.97 billion euros ($8.13 billion), compared 7.03 billion euros in a company-provided consensus while its adjusted EBIT margin landed at 20%, 0.9bps bellow expectations

**  "Q3 margins were soft, especially in Europe, while Legrand’s higher-than-expected finance costs reflect high bolt-on activity and seem unlikely to decline given the recent Avtron acquisition," RBC analysts say in a note

** J.P. Morgan adds the drop is also due to the run in the shares this year, with a 57.15% increase year-to-date at yesterday market closure

 (reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@tr.com))