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Finance, Finance |
11.05.2026 07:30Release 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
Board of directors
Angeles Garcia-Poveda
Chair of the Board of Directors since 2020 and member of the Commitments and CSR Committee
Dual French-Spanish nationality, Angeles Garcia-Poveda has been the Chair of the Board of Directors of Legrand since July 2020. Prior to this appointment, she was Lead Director from 2013 to 2020 after being elected to Legrand’s Board in 2012. Angeles Garcia-Poveda began her career at The Boston Consulting Group (BCG) where she worked for 14 years as a strategy consultant and then as head of local, international and global recruitment. In 2008, she joined Spencer Stuart, an executive search consulting firm, becoming Managing Director for France in 2011 before being appointed Managing Director EMEA and member of the Global Executive Committee, then a member of the Supervisory Board from 2018 to 2021. She remained a Senior Advisor within the governance practice at Spencer Stuart until March 2023. Angeles Garcia-Poveda is also a Director of Bridgepoint and Puig. She sits on the Board of Directors of the IFD (Institut de la Finance Durable), on the Executive Council of the MEDEF and on the advisory board of the Climate Governance Initiative. She is also a member of the Haut Comité de Gouvernement d'Entreprise (“HCGE”).
Outre Angeles Garcia-Poveda, le conseil d'administration est composé de :
Isabelle Boccon-Gibod
Independent Director of Legrand since 2016, Lead Director, Chairwoman of the Audit Committee and member of the Commitments and CSR Committee and the Nomination and Governance Committee
Isabelle Boccon-Gibod
Independent Director of Legrand since 2016, Lead Director, Chairwoman of the Audit Committee and member of the Commitments and CSR Committee and the Nomination and Governance Committee
French nationality
Isabelle Boccon-Gibod started her career in 1991 with the International Paper group as an engineer for the Cardboard division in the United States. She then joined and managed the same division in the United Kingdom from 1997 to 2001. She was then Head of Strategic Development for Europe until 2004.
In 2008, she was appointed as Executive Vice President of the Sequana Group and Executive Director of the Arjowiggings Group in 2009. She is also a photographer and a writer.
Isabelle Boccon-Gibod is a director of Arkema and Constellium. She is also Chair of Observatoire Conseil. Lastly, she chairs Demeter on a voluntary basis, is a member of ORT France’s board of directors and chairs the Supervisory Board of BRAINCUBE Holding.
Sophie Bourdais
Director representing employees since 2020 and member of the Compensation Committee
Sophie Bourdais
Director representing employees since 2020 and member of the Compensation Committee
French nationality
Sophie Bourdais joined Legrand in 1991. Until 2019, she held various positions at Legrand, particularly in the Sales Department. Sophie Bourdais is currently national delegate for relations with the technical education sector.
Sophie Bourdais took up her role as director representing employees within the Legrand Board of Directors, on September 30, 2020.
She is also director of the “Les Pros d’avenir” production school and of the CFA Ducretet professional training network since 2020.
Jean-Marc Chéry
Independent Director of Legrand since 2021, and Chairman of the Commitments and CSR Committee, and of the Nomination and Governance Committee
Jean-Marc Chéry
Independent Director of Legrand since 2021, and Chairman of the Commitments and CSR Committee, and of the Nomination and Governance Committee
French nationality
Jean-Marc Chéry has been President of the Managing Board and Chief Executive Officer of STMicroelectronics since May 31, 2018. He is the sole member of the Managing Board and is Chairman of STMicroelectronics’s Executive Committee.
He began his career in French group Matra’s quality teams. In 1986, he joined Thomson Semiconducteurs (which later became STMicroelectronics) and held various management positions in product scheduling and production, rising to lead STMicroelectronics’ different fabs. In 2008, he was promoted to Chief Technology Officer. In 2014, he was appointed as Chief Operating Officer with responsibility for production and technology. In 2017, he was appointed Deputy CEO.
Jean-Marc Chéry has also been a member of the Board of Directors at the Global Semiconductor Alliance since 2022 and President since 2024, and director of Capgemini since May 2025.
Valérie Chort
Independent Director of Legrand since 2023 and member of the Audit Committee, the Commitments and CSR Committee, and the Compensation Committee
Valérie Chort
Independent Director of Legrand since 2023 and member of the Audit Committee, the Commitments and CSR Committee, and the Compensation Committee
Dual French-Canadian nationality
Valérie Chort joined the Ontario Ministry of the Environment as an industrial wastewater engineer from 1989 to 1991.
In 1991, she was hired by Arthur D. Little, a leading consulting firm in the development of management
and audit executives, which was looking to create Environment Health & Safety (EHS) audit frameworks to help clients anticipate significant hazards. In 1994, she joined Husky Injection Molding Systems where she became Vice-President EHS and Product Safety.
From 2001 to 2015, Valérie Chort worked with Deloitte as Americas Leader for Sustainability & Climate Change, and was a Partner with Deloitte Canada’s Enterprise Risk Services.
From 2015 until 2023, she served as Vice President Corporate Citizenship & Sustainability for the Royal Bank of Canada (RBC). She was also Executive Director of the RBC Foundation.
Valérie Chort has served on the Boards of Directors of North West Rubber Ltd since 2023, and of BNP Paribas since May 2025.
She is also a director of the Women’s College Hospital Foundation and of the International Institute for Sustainable Development (IISD).
Benoît Coquart
Director of Legrand since 2020
Benoît Coquart
Director of Legrand since 2020
French nationality
Benoît Coquart joined Legrand in 1997 to manage the Group's activities in South Korea. Continuing his career with the Group, he held several positions, including Executive Vice President Investor Relations, Executive Vice President Corporate Development (M&A), Executive Vice President Strategy and Development, and Executive Vice President France. Member of the Executive Committee since 2010, Benoît Coquart was appointed Chief Executive Officer on February 8, 2018. He became a director of Legrand on May 27, 2020.
He is also Chair of the FIEEC (Fédération des industries électriques, électroniques et de communication) and director of France Industrie since 2026.
Patrick Koller
Independent Director of Legrand since 2018, Chairman of the Compensation Committee and member of the Nomination and Governance Committee
Patrick Koller
Independent Director of Legrand since 2018, Chairman of the Compensation Committee and member of the Nomination and Governance Committee
Dual French-German nationality
Patrick Koller served as Chief Executive Officer of Forvia SE from 2016 until February 28, 2025 and member of its Board of Directors from 2017 until May 28, 2025. He also served as Vice President of the HELLA Shareholders' Committee from 2022 until February 28, 2025.
In 2006, he joined Faurecia Group (now called Forvia) as Executive Vice President of the Faurecia Automotive Seating Business Group a position he held until February 2015. During this period, he held many executive roles in Faurecia group subsidiaries, including Faurecia (China) Holding Co., Ltd., Faurecia Components Pisek, S.r.o. (Czech Republic), Faurecia Automotive GmbH (Germany), and Faurecia NHK Co., Ltd. (Japan). On February 2, 2015, he was appointed Deputy Chief Executive Officer, a position he held until June 30, 2016.
He has also held senior management positions in several other major industrial companies: he was Chief Executive Officer of Rhodia Polyamide Intermediates until 2003 and then Group Industrial and Purchasing Director until 2006. He was also Managing Director of the Engine Cooling Europe Division at Valeo until 2000.
Rekha Mehrotra Menon
Independent Director of Legrand since 2024 and member of the Nomination and Governance Committee
Rekha Mehrotra Menon
Independent Director of Legrand since 2024 and member of the Nomination and Governance Committee
Indian nationality
Rekha Mehrotra Menon (Rekha M. Menon) began her career in human resources in the manufacturing industry before becoming an independent consultant for companies setting up in India.
In 2004, Rekha M. Menon joined Accenture as Associate Partner to build and manage the company's corporate functions, first in India, then in the ASEAN region, the Philippines and China. She took on the role of Senior Managing Director and Chair of Accenture in India in 2016, functions she held until 2023.
Rekha M. Menon is a member of the Executive Council of NASSCOM since 2016 and member of the Board of Directors of XLRI Xavier School of Management since 2017.
She is also a director of Biocon (listed company) since 2023 and Chair of its Stakeholders Relations’ Committee since 2025.
Florent Menegaux
Independent Director of Legrand since 2022 and member of the Audit Committee and of the Nomination and Governance Committee
Florent Menegaux
Independent Director of Legrand since 2022 and member of the Audit Committee and of the Nomination and Governance Committee
French nationality
Florent Menegaux has been Managing General Partner of the Michelin Group since 2018 and Managing Chairman since 2019.
Florent Menegaux first joined the Michelin Group in 1997. He held international responsibilities, such as at the Truck Sales division, North America department in 2000, then in South America in 2003. In 2008, he was appointed as Global Head of the Light Truck/Passenger Vehicle product line. He joined the Group’s Executive Committee in 2008, going on to become Chief Operating Officer in 2014.
Before joining Michelin, Florent Menegaux held management and executive roles at Price Waterhouse, Exel Logistics and Norbert Dentressangle.
Florent Menegaux is also President of the United Nations Global Compact France network since 2023.
Licia Nicodemi
Director representing employees since June 2026 and member of the Audit Committee
Licia Nicodemi
Director representing employees since June 2026 and member of the Audit Committee
Italian nationality
Following three years’ experience as a sales support officer at ACEA Energia S.p.A, between 2007 and 2010, Licia Nicodemi joined Bticino (Legrand Group) in 2010. Until 2023, she held various positions there, particularly in relation to accounts receivable management and coordination. Licia Nicodemi is currently Credit & Accounts Receivable Manager, and has been President of Lei@bticino ERG since 2022.
Licia Nicodemi took up her role as director representing employees within the Legrand* Board of Directors, on June 16, 2026.
Stéphane Pallez
Independent Director of Legrand since May 27, 2025, member of the Compensation Committee and of the Commitments and CSR Committee
Stéphane Pallez
Independent Director of Legrand since May 27, 2025, member of the Compensation Committee and of the Commitments and CSR Committee
French nationality
Stéphane Pallez has been Chairwoman and Chief Executive Officer of FDJ UNITED (listed company) since November 2014. During these 10 years, she led a profound transformation of the group, notably through digitalization of the traditional lottery, product innovation, development of online sports betting, and creation of new business activities (payment and services, international B2B services, etc.).
She was previously Chairwoman and Chief Executive Officer of CCR, a reinsurance group from 2011 to 2014, and deputy Chief Financial Officer at France Télécom-Orange (listed company) telecommunications group from 2004 to 2011.
From 1984 to 2004, she held various positions in the Executive Management of the Treasury at the Ministry of Economy and Finance. She was in charge of the Insurance Subdirectorate from 1995 to 1998, managed a portfolio of French State investments (Air France, TMM, Bull, Eramet, Cogema, Gaz de France…) between 1998 and 2000, then Head of the European and International Affairs Department from 2000 to 2004.
She took on the role of member of the Supervisory Board at Eurazeo (listed company) in 2013, function she held until 2025.
Stéphane Pallez is a member of the Board of Directors of l’Alliance pour l’Éducation since 2018 and Chairwoman of the association since 2025. She is also Chairwoman of the Board of Directors of the Conservatoire National Supérieur de Musique et de Danse de Paris since 2020, and director at Institut Pasteur since 2024.
Clare Scherrer
Independent Director of Legrand since 2023 and member of the Audit Committee
Clare Scherrer
Independent Director of Legrand since 2023 and member of the Audit Committee
Dual US-British nationality
Clare Scherrer started her career as a consultant at McKinsey & Company from 1992 to 1994. She then joined Goldman Sachs in 1996. In 2006 she was named as a partner. In 2011 she moved to London as Head of EMEA Industrials Investment Banking before being appointed and serving as Co-Head of Global Industrials Investment Banking from 2013 to 2022. She was also Chair of the Investment Banking Diversity Committee between 2010 and 2013, and Co-Chair of the Firmwide Commitments Committee between 2017 and 2022.
In 2022 she joined Smiths Group as Chief Financial Officer and was an Executive Director until February 2025.
Clare Scherrer has been an Independent Non-Executive Director of Shell plc since January 2026.