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Legrand S.A. (LGRDY) is a globally recognized leader in electrical and digital building infrastructures, offering a comprehensive portfolio of solutions that enhance the functionality, efficiency, and safety of residential, commercial, and industrial spaces. With its headquarters in Limoges, France, Legrand operates across a diverse range of markets, including data centers, smart buildings, and energy-efficient solutions, making it a benchmark for customers worldwide.
Core Business Areas
Legrand's core business is centered on providing innovative solutions for electrical systems, digital connectivity, and building infrastructure. The company designs and manufactures products and systems that include electrical wiring devices, home automation systems, energy distribution systems, and digital network solutions. Its offerings cater to a broad range of applications, from residential homes to complex industrial facilities, ensuring seamless integration and enhanced operational efficiency.
Market Position and Industry Relevance
Operating in over 90 countries, Legrand has established itself as a key player in the global infrastructure market. The company leverages its expertise to address emerging trends such as the rise of smart buildings, the growing demand for energy-efficient solutions, and the increasing reliance on data-intensive operations. Its strategic focus on high-growth segments like data centers, connected devices, and energy management underscores its commitment to innovation and market adaptation.
Innovation and Technological Leadership
Legrand's dedication to technological advancement is evident in its continuous introduction of cutting-edge products. For instance, its Data, Power, and Control (DPC) division has achieved the prestigious ISO/IEC 27001:2013 certification, reflecting its commitment to cybersecurity and information security standards. Products like the Remote Plug-In Actuator and the OSFP 800G DR8 transceiver demonstrate Legrand's ability to meet the evolving needs of modern data centers and AI-driven applications, ensuring safety, scalability, and high-speed connectivity.
Business Model and Revenue Streams
Legrand generates revenue through the direct sale of its hardware products, integrated systems, and connected solutions. The company also pursues a strategy of profitable and responsible growth through acquisitions, enabling it to expand its product offerings and market reach. By focusing on high-value segments and incorporating sustainable practices, Legrand maintains a competitive edge in a rapidly evolving industry.
Competitive Landscape
In the competitive landscape, Legrand faces challenges from industry giants like Schneider Electric and Siemens. However, its ability to innovate, coupled with its focus on customer-centric solutions, allows it to differentiate itself. By addressing critical market concerns such as cybersecurity, energy efficiency, and operational reliability, Legrand remains a trusted partner for its global clientele.
Significance in the Industry
Legrand's role in shaping the future of electrical and digital infrastructures cannot be overstated. Its products and solutions are integral to the development of sustainable, connected, and efficient buildings worldwide. By harnessing technological and societal trends, Legrand continues to transform the spaces where people live, work, and meet, making it a vital contributor to modern infrastructure development.
Legrand reports liquidity account details as of June 30, 2022. The account held 114,733 shares valued at €18,493,014. In H1 2022, 12,384 buy executions totaled 1,634,456 shares for €135,861,084, while 15,576 sell executions amounted to 1,552,669 shares for €129,015,648. This reflects increased trading activity compared to the previous half, where 9,587 buy and 9,950 sell executions were reported. The liquidity agreement complies with AMF regulations and encourages authentic verification via the CertiDox app.
On July 4, 2022, Legrand received a statement of objections from the French Competition Authority regarding its derogation mechanism with distributors in France. Legrand is dedicated to compliance with applicable laws and will defend its position in the upcoming legal proceedings. Key dates include the first-half results scheduled for July 29, 2022, and the nine-month results on November 3, 2022. The company reported sales of €7.0 billion in 2021 and is recognized for its innovative electrical and digital building solutions across various markets.
Legrand has reported stable share capital as of June 30, 2022, with a total of 266,817,746 shares, consistent with previous months. Voting rights stand at 266,668,994 after deducting non-voting shares. The next financial milestones include first-half results on July 29, 2022 and nine-month results on November 3, 2022. The company, a leader in electrical and digital building infrastructures, achieved sales of €7.0 billion in 2021 and emphasizes profitable growth through innovation and acquisitions.
Legrand reports its share capital details as of May 31, 2022, indicating a total of 266,817,746 shares and 266,267,686 exercisable voting rights. There has been no change in the number of shares since the previous report on March 31, 2022. Key upcoming financial dates include the release of 2022 first-half results on July 29, 2022, following a quiet period starting June 29, 2022. Legrand, listed on Euronext Paris, specializes in electrical and digital building infrastructures.
Legrand, a global specialist in electrical and digital infrastructures, announced a new Share Buyback Program approved on
Legrand held its Combined Shareholders' Meeting on May 25, 2022, where all proposed resolutions were approved, including the renewal of three directors and the appointment of an independent director. The Board comprises 14 members, with 83% independent members and 42% women. A dividend of €1.65 per share was approved, with an ex-dividend date of May 30 and payment on June 1. CEO Benoît Coquart highlighted strong financial performance in 2021, with a 13.6% organic growth and a net income increase of 32.8%. The company aims for sustainable growth with ambitious ESG targets.
Legrand has released its unaudited consolidated financial information as of March 31, 2022. The company is a leading global specialist in electrical and digital infrastructure, reporting sales of €7.0 billion in 2021. Legrand continues to focus on profitable growth through acquisitions and innovation, emphasizing solutions for data centers and energy efficiency. The Group aims to enhance building infrastructures, responding to technological trends. Investors can access the financial details on their official website.
Legrand reported its financial results for Q1 2022, showing strong growth with net sales increasing to €1,972.3 million from €1,674.1 million in Q1 2021. Operating profit rose to €377.6 million, reflecting a 10.9% increase year-over-year. Basic earnings per share improved to €0.968, up from €0.853. Cash and cash equivalents slightly decreased to €2,778.5 million. The company also acquired Emos, a leading electrical installation components provider in Central and Eastern Europe, enhancing its market position. Despite positive results, the free cash flow dropped significantly to €44.4 million from €245.9 million.
Legrand reported a 17.8% increase in sales for Q1 2022, reaching €1,972 million, driven by a 11.2% organic growth rate. Adjusted operating margin stood at 20.3%, while net profit rose 13.3% to €258 million. The company confirmed its full-year targets, aiming for 5% to 11% sales growth amid ongoing inflation and supply chain pressures. Legrand also prioritized ESG goals, unveiling its fifth CSR roadmap, and will propose a €1.65 dividend per share, a 16.2% increase from 2020, at the upcoming shareholder meeting.
As of April 30, 2022, Legrand reports a total of 266,817,746 shares in its capital, with 266,262,686 exercisable voting rights. This reflects a decrease from 267,447,746 shares at the end of December 2021. The company will release its Q1 2022 results on May 5, 2022, with a general shareholders' meeting set for May 25, 2022. Legrand aims to navigate the evolving market through acquisitions and innovation, focusing on connected solutions and energy efficiency.
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