Legrand rises on positive FY update, mid-term guidance hike

Legrand SA

12/02/2026 08:54

** Shares in Legrand LEGD.PA rise over 4% after the French electrical and digital building infrastructure group published positive FY results and raised its mid-term targets

** Revenues for the year came up 9.6% at 9.48 billion euros ($11.26 billion) for the year, slightly beating company-compiled analyst consensus of 9.46 billion euros

** J.P. Morgan deems the results and outlook "solid", while Jefferies says in a note that 2026 guidance is "better than feared"

** "We would expect further outperformance in today's trading," JPM adds

** Legrand now forecasts average adjusted operating margins "above 20%" over the five years to 2030, up from "around 20%" in the plan it set out in 2024

** Shares are on track for their best day since July 2025

($1 = 0.8420 euros)

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))