Home - Investors & Shareholders

Headline news |

11.05.2026 07:30

Release for the first nine months of 2026

Over the first nine months, Legrand delivered very strong sales growth of +22% (excluding currency effects) and excellent profitability

Organic sales growth: +12.7%
Growth through acquisitions: +8.3%
Adjusted operating margin after acquisitions: 20.8% of sales
Net profit attributable to the Group: +19.6%

7 acquisitions since the beginning of the year, all in buoyant energy and digital transition markets

2026 full-year targets revised upward
 

Capital Markets Day on September 29, 20261

New 2030 ambitions

Organic sales growth CAGR: +6% to +8%
Yearly scope effect from acquisitions: around +5% on average
Adjusted operating margin2: 21% to 22% of sales on average
 

Benoît Coquart, Legrand’s Chief Executive Officer, commented:

“In the first nine months of 2026, Legrand delivered very strong sales growth of +22% excluding currency effects, driven notably by organic growth in data centers of close to +40%, as well as contributions from both energy transition solutions and acquisitions.

This performance was accompanied by excellent profitability, with an adjusted operating margin of 20.8% after acquisitions. These results once again demonstrate our ability to combine growth with financial discipline and operational excellence, while delivering systematically on our strategic roadmap.

We presented our new 2030 ambitions at our Capital Markets Day on September 29, 2026. They are designed around three focus areas: data centers, where the Group benefits from a particularly comprehensive portfolio of solutions and unique positioning to support the next generation of infrastructures for artificial intelligence; energy transition, directly driven by electrification; and essential infrastructures for buildings. They are underpinned by structurally attractive markets, as well as Legrand’s unique growth engines: innovation, customer experience, pricing, and disciplined acquisitions. With annual organic and acquisition-driven growth of +11% to +13% and an adjusted operating margin of 21% to 22% of sales, these ambitions will create substantial value.

Building on our performance since the beginning of the year, we are raising our 2026 targets and remain committed to delivering profitable, responsible growth that creates lasting value.”

1 For further information, please refer to documents published in the Capital Markets Day 2026
2 After acquisitions and including restructuring expenses

Press release Accounts Presentation Webcast

Legrand's performance - key figures

Key figures

Consolidated figures (IFRS - in millions of euros)

2005200620072008200920102011201220132014201520162017201820192020202120222023202420259M 2026
Sales3,2483,7374,1294,2023,5783,8914,2504,4674,4604,4994,8105,0195,5215,9976,6226,1006,9948,3398,416.98,648.99,480.68,329.4
Total growth+ 11.0%+ 15.1%+ 10.5%+ 1.8%- 14.9%+ 8.7%+ 9.2%+ 5.1%- 0.1%+ 0.9%+ 6.9%+4.3%+ 10.0%+ 8.6%+ 10.4%- 7.9%+ 14.7%+19.2%+0.9%+2.8%+9.6%+19.5%
Organic Growth+ 6.6%+ 7.8%+ 8.6%- 0.1%- 13.9%+ 3.6%+ 6.4%- 1.4%+ 0.5%+ 0.5%+ 0.5%+ 1.8%+ 3.1%+ 4.9%+ 2.6%- 8.7%+ 13.6%+9.7%+2.7%+1.0%+7.7%+12.7%
Operating profit (as % of sales)406 (12.5%)530 (14.2%)662 (16.0%)643 (15.3%)524 (14.6%)758 (19.5%)812 (19.1%)848 (19.0%)849 (19.0%)848 (18.8%)887 (18.4%)934 (18.6%)1,026 (18.6%)1,139 (19.0%)1,237 (18.7%)1,065 (17.5%)1,344 (19.2%)1,447 (17.3%)1,591.6 (18.9%)1,642.7 (19.0%)1,808.5 (19.1%)1,595.0 (19.1%)
Adjusted operating profit (as % of sales) (1) 509 (15.7%)616 (16.5%)724 (17.5%)698 (16.6%)588 (16.4%)797 (20.5%)857 (20.2%)874 (19.6%)882 (19.8%)880 (19.6%)930 (19.3%)979 (19.5%)1,105 (20.0%)1,212 (20.2%)1,326 (20.0%)1,156 (19.0%)1,434 (20.5%)1,701 (20.4%)1,770.2 (21.0%)1,776.0 (20.5%)1,962.3 (20.7%)1,732.0 (20.8%)
Net profit attributable to the Group104252421350290418479506531532551629 (2) 711 (3) 7728356819041,0001,148.51,166.41,244.601,067.0
Free cash flow (as % of sales) (4) 308 (10.1%)456 (12.2%)553 (13.4%)430 (10.2%)655 (18.3%)646 (16.6%)523 (12.3%)627 (14.0%)563 (12.6%)607 (13.5%)666 (13.8%)673 (13.4%)696 (12.6%)746 (12.4%)1 044 (15.8%)1 029 (16.9%)952 (13.6%)1,036 (12.4%)1,584.8 (18.8%)1,290.5 (14.9%)1,330.8 (14.0%)1,009.5 (12.1%)
Net earnings per share (in euro)-1.021.581.371.111.601.821.922.002.002.072.36 (5) 2.67 (6) 2.893.132.553.393.754.334.454.754.07
Dividend per share (in euro)-0,500,700,700,700,880,931,001,051,10 (7) 1,15 (8) 1,19 (9) 1,26 (10) 1,34 (11) 1,341,421,651,902,092,202,38 

Notes and references

(1) Adjusted operating profit is defined as operating profit adjusted for amortization and depreciation of revaluation of assets at the time of acquisitions and for other P&L impacts relating to acquisitions and, where applicable, impairment of goodwill.

(2) For full-year 2016, net profit attributable to the Group for the period shall be read €567.3 million, once adjusted for the favorable non-recurring accounting impact representing a €61.2 million tax income, coming from the announcement of reductions in the corporate income tax rates, mainly in France. This tax income is adjusted as it has no cash impact, and bears no relationship to the Group's performance.

(3) For full-year 2017, net profit attributable to the Group for the period would be read €625.7 million, once adjusted for the €85.5 million net favorable effect of significant non-recurring gains and expenses resulting from announced changes in corporate taxation, primarily in France and in the United States. This net favorable effect is adjusted as it does not reflect an underlying performance.

(4) Free cash flow is defined as the sum of net cash from operating activities and net proceeds of sales of fixed and financial assets, less capital expenditure and capitalized development costs.

(5) For full-year 2016, earnings per share for the period shall be read €2.13, once adjusted for the favorable non-recurring accounting impact representing a €61.2 million tax income, coming from the announcement of reductions in the corporate income tax rates, mainly in France. This tax income is adjusted as it has no cash impact, and bears no relationship to the Group's performance.

(6) For full-year 2017, earnings per share for the period would be read €2.35, once adjusted for the €85.5 million net favorable effect of significant non-recurring gains and expenses resulting from announced changes in corporate taxation, primarily in France and in the United States. This net favorable effect is adjusted as it does not reflect an underlying performance.

(7) The 2014 distribution of a dividend of €1.10 per share is performed in two separate lines and thus subject to two separate taxation schemes for individual shareholders residing in France: - In the amount of €0.93, the dividend paid would be considered as taxable income subject to sliding-scale income tax and eligible, for individual shareholders residing in France, for the 40% exemption provided for under Article 158-3-2° of the French Tax Code (Code Général des Impôts). This portion of dividend is, in principle, subject to a compulsory withholding tax of 21% on its gross amount, excluding social security contributions, said levy being attributable to income tax on revenue received during the 2015 fiscal year. However, under article 117 quater of the French Tax Code (Code Général des Impôts), "individual shareholders belonging to a tax household whose reference fiscal income for the penultimate year, as defined in article 1417, section 4, sub-section 1, is less than €50,000 for taxpayers who are single, divorced or widowed or less than €75,000 for taxpayers subject to joint taxation, may request exemption from this levy". Such persons should, on their own initiative, submit a request for exemption according to the conditions set out in article 242 quater of the French Tax Code (Code Général des Impôts). This portion of dividend is also subject to a withholding tax of 15.5% for social security contributions. - In the amount of €0.17, the dividend payment deducted from the "issue premium" account would be considered as a repayment of paid-in capital within the meaning of article 112-1° of the French Tax Code (Code Général des Impôts), therefore nontaxable for individual shareholders residing in France; it would however reduce the fiscal share cost price by the amount of €0.17 per share.

(8) Dividend distribution in respect of 2015 has been effected (as dividend distribution in respect of 2014) by deduction from : 
- distributable income in an amount of €0.729 per share on the one hand, and 
- the "issue premium" account in an amount of €0.421 per share on the other.

(9) Dividend distribution in respect of 2016 has been effected (as dividend distribution in respect of 2014 and 2015) by deduction from :
- distributable income in an amount of €0.791 per share on the one hand, and
- the "issue premium" account in an amount of €0.399 per share on the other.

(10) Dividend distribution in respect of 2017 has been effected (as dividend distribution in respect of 2014, 2015 and 2016) by deduction from:
- distributable income in an amount of €0.928 per share on the one hand, and
- the "issue premium" account in an amount of €0.332 per share on the other.

(11) Dividend distribution in respect of 2018 has been effected (as dividend distribution in respect of 2014, 2015, 2016 and 2017) by deduction from:
- distributable income in an amount of €0.790 per share on the one hand, and
- the “issue premium” account in an amount of €0.550 per share on the other.

Financial News

Share price

Ownership structure

Ownership structure as at September 30, 2026

*Relates to shares held in registered form by managers and the former managers who exercised functions in the Group, and to shares held by employees in the employee savings investment funds (FCPE).

Ownership structure as at September 30, 2026
Category Value
Floating: 96.84% 96.84 %
Managers and employees*: 3.10% 3.1 %
Self detention: 0.06% 0.06 %

Investor relations

Ronan Marc

ronan.marc@legrand.com

Tel: : +33 (0)1 49 72 53 53

Press

Delphine Camilleri (Legrand FRANCE)

delphine.camilleri@legrand.com

Mob: : +33 (0)5 55 06 70 15

Contact us

By mail:

128 Av. du Maréchal de Lattre de Tassigny
87045 Limoges
FRANCE

or
by our form