Legrand tops CAC40 after Q1 data centres-driven beat

Legrand SA

07/05/2025 08:15

** Shares in Legrand LEGD.PA rise about 2.5%, topping France's CAC40 blue-chip index .FCHI, after the French electrical and digital building infrastructure group reported Q1 results above expectations

** Q1 sales grew 7.6% organically to 2.28 billion euros  ($2.59 billion), above consensus of +4.9% to 2.24 billion euros

** J.P.Morgan flags the strongest performance in North America, which grows 18.8% vs consensus of 8.5%, helped by a very strong data centres performance

** Monrningstar analyst Matthew Donen echoes these comments attributing the beat to the data centres offering

** The rise adds about 600 million euros to Legrand's market cap which stood at 25.74 billion at Tuesday's closing

($1 = 0.8799 euros)

 (Reporting by Anna Peverieri)

 ((Anna.peverieri@thomsonreuters.com))