Legrand seen up on beat and raise

Legrand SA

Today 07:54

** Shares in Legrand LEGD.PA are seen up 2.6%-3% after the French electrical and digital building infrastructure group raised its 2026 sales growth forecast for the second time this year
** It sees FY sales growth of 20-22% excluding currency effects and organic growth of 11-13% (prev.: 16-19% and 8-10% respectively)
** Its 9-month sales grow 12.7% organically to €8.33 billion ($9.38 billion), beating consensus of +10.1% to €8.08 billion
** J.P. Morgan says quarterly sales growth is "well above consensus", boosted by growth in data centres, energy transition solutions in the US
** The broker flags an accelerating growth broadening beyond the US, and welcomes the EU margin beat after the miss in Q2
($1 = 0.8880 euros)

(Reporting by Mathias de Rozario in Gdansk)
((mathias.derozario@thomsonreuters.com))