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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 announced that as of April 6, 2022, the total number of shares in circulation stands at 266,817,746, with a theoretical number of voting rights also at 266,817,746. The number of exercisable voting rights is slightly lower at 266,392,334 due to shares without voting rights. This update follows a period where the total number of shares remained consistent since the end of 2021, with no exercise of stock options reported. Upcoming key dates include the first-quarter results on May 5, 2022, and the General Meeting of Shareholders on May 25, 2022.
Legrand reported significant stock transactions from April 4 to April 7, 2022. The total trading volume reached 305,000 shares, with a weighted average purchase price of €83.30. Key transactions included 31,252 shares traded at €86.5190 on April 4, and 90,000 shares at €82.4195 on April 7. These activities were conducted in the Euronext Paris market, signaling active trading behavior and potential investor interest in LGRDY.
Legrand reported the total number of shares as of March 31, 2022, standing at 266,817,746, a decrease from 267,447,746 shares as of December 31, 2021. The number of exercisable voting rights is 266,591,539. Key upcoming dates include the first-quarter results on May 5, 2022 and the General Meeting of Shareholders on May 25, 2022. Legrand continues to focus on profitable growth through innovation and acquisitions, having reported sales of €7.0 billion in 2021.
Legrand (Euronext Paris: LR) reported its share buyback activities for the week of March 28 to April 1, 2022. The company repurchased a total of 145,000 shares at an average purchase price of €87.1524. The transactions were conducted on Euronext Paris, with daily volumes ranging from 20,000 to 45,000 shares at prices between €86.6671 and €88.3179. This move reflects Legrand's strategy to enhance shareholder value through stock buybacks.
Legrand announces its 5th sustainable development roadmap at a virtual ESG event on March 29, 2022. The roadmap spans 2022-2024 and focuses on four main pillars: reducing carbon footprint, promoting diversity, developing a circular economy, and responsible business practices. Key targets include reducing emissions by helping customers avoid 12 million tons of CO2, ensuring 30% of management roles are held by women, and using 15% recycled plastics in products. The event features CEO Benoît Coquart and CFO Franck Lemery.
Legrand announced a share buyback program involving up to 450,000 shares, approximately 0.17% of its capital. The buyback period is set from March 28, 2022 to May 10, 2022, with an average purchase price not exceeding €120 per share. These shares will primarily fund performance share plans or may be canceled. This program is authorized by shareholders as of May 26, 2021. The company aims to enhance shareholder value and maintain a strong presence in the market.
Legrand has updated its share capital, reporting a total of 266,817,746 shares as of February 28, 2022, reflecting a decrease from 267,447,746 shares at year-end 2021. The company recorded 266,754,233 exercisable voting rights after deducting shares without voting rights. No new shares will be issued due to the expiration of the stock options plan in March 2020. Key financial dates include the March 29, 2022 ESG Digital Capital Markets Day and the May 5, 2022 release of first-quarter results.
Legrand has released its consolidated financial report as of December 31, 2021, available on its website. The company specializes in electrical and digital building infrastructures and achieved €7.0 billion in sales in 2021. Legrand's strategy focuses on profitable growth through acquisitions and innovation, enhancing value in segments such as datacenters and energy efficiency programs. It is listed on Euronext Paris and is part of the CAC 40 and CAC 40 ESG indexes.
Legrand reported record results for 2021, achieving nearly €7 billion in sales, a growth of 14.7% year-over-year. Key highlights include a 20.5% adjusted operating margin and a 32.8% increase in net profit, reaching €904 million. The company generated normalized free cash flow equivalent to 15.4% of sales. Legrand aims for continued growth in 2022, projecting sales growth of 5% to 11% and maintaining its commitment to ESG goals with a 100% CSR achievement target. Additionally, two new acquisitions were announced, expanding its market leadership.
On January 31, 2022, Legrand disclosed its share capital details, reporting a total of 267,447,746 shares. The theoretical voting rights are equal to the number of shares, while the exercisable voting rights stand at 266,751,016, after accounting for shares without voting rights. Since the last financial statement, there has been no exercise of stock options, maintaining the total share count. Key upcoming financial dates include the 2021 annual results set for February 10, 2022.
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