Legrand Reports Record 2025 Sales Growth and Confirms Strong 2026 Targets
Legrand (Euronext: LR) held its Combined General Meeting of Shareholders on 27 MAY 2026 in Limoges, France, with Chair of the Board of Directors Angeles Garcia-Poveda presiding. The meeting covered full-year 2025 financial results, first-quarter 2026 performance, and the company’s strategic roadmap through 2030.
2025 Was a Record Year
Legrand delivered record sales growth of 13.1% in 2025 excluding currency effects, fueled by strong datacenter demand and a busy year of acquisitions. Total sales reached €9.5 billion.
The adjusted operating margin hit 20.7% of sales. Net profit attributable to the Group came in at 13.1% of sales. Free cash flow reached €1.3 billion — 14% of sales — with a conversion rate of 107%.
On the acquisition front, Legrand announced seven deals in 2025 representing cumulative annual sales of €500 million.
Q1 2026 Momentum Continues
The strong finish to 2025 carried into the new year. First-quarter 2026 revenue grew 18.3% excluding currency effects, with an adjusted operating margin of 20.7%. Legrand confirmed its full-year 2026 targets: revenue growth of +10% to +15% excluding currency effects and an operating margin of 20.5% to 21% of sales.
Dividend and Key Dates
Shareholders approved a dividend of €2.38 per share for 2025. The ex-dividend date is 29 MAY 2026, with payment on 2 JUN 2026.
Mark these dates: 2026 first-half results are scheduled for 29 JUL 2026, and a Capital Markets Day in Singapore is set for 29 SEP 2026.
2030 Ambitions Reaffirmed
CEO Benoît Coquart outlined Legrand’s long-term strategic model at the meeting, reiterating targets for 2030 that include €15 billion in sales, an adjusted operating margin above 20%, and cumulative free cash flow of approximately €10 billion from 2025 to 2030. The company also targets 80% eco-responsible sales and emissions reductions across Scopes 1, 2, and 3 in line with its Net Zero 2050 commitment.
Already, 53% of 2025 sales came from energy and digital transition products — a sign the strategy is taking hold.
Governance Update
All board resolutions passed with a large majority. Shareholders renewed the terms of Benoît Coquart, Isabelle Boccon-Gibod, Valérie Chort, Angeles Garcia-Poveda, and Clare Scherrer. The 12-member board now includes eight independent directors (80%), six women (60%), and representation from seven nationalities.
Legrand is listed on Euronext Paris and is a component of the CAC 40 index.
Go Deeper: Legrand’s Strong First-Half 2025 Results