Legrand stock holds firm as higher-margin segments support earnings
Published on 07/21/2026 at 08:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Legrand (ISIN FR0010307819) reported moderate top-line growth but firmer profitability for the first quarter of 2024, with group sales up about 3.6% year on year and adjusted operating margin edging higher, an outcome that has helped Legrand stock remain resilient on Euronext Paris as investors focus on margin quality and cash generation in 2024.
Q1 2024 revenue up 3.6 percent
According to company information for the 2024 first quarter, Legrand generated sales of roughly EUR 2.22 billion, an increase of about 3.6% compared with the same period of 2023, reflecting a combination of organic growth, acquisitions, and the impact of foreign exchange movements.
Within that total, revenue from Legrand's core electrical and digital building infrastructure activities showed stable to slightly positive development, while segments tied to data centers and digital connectivity again provided an incremental contribution to growth in the period.
Margin improvement and cash generation
Legrand also reported a higher adjusted operating margin in the first quarter of 2024 versus the prior-year period, supported by pricing discipline, a favorable mix toward higher-margin ranges, and ongoing cost efficiency programs.
In addition, Legrand highlighted a solid level of cash generation for early 2024, with operating cash flow more than covering capital expenditure and providing room for shareholder remuneration and selective bolt-on acquisitions.
Dig into Legrand financials and strategy
A structured overview of Legrand's earnings, balance sheet, and shareholder information is available in the dedicated investors section, including recent quarterly publications and presentations.
Connected devices drive growth
Legrand is well known for wiring devices and electrical distribution products, but growth has increasingly come from connected home and building solutions, including smart switches, user interfaces, and digital energy management systems that aim to improve comfort and energy efficiency.
Legrand stock on Euronext Paris
Legrand stock trades on Euronext Paris and reflects the combination of steady cash generation, moderate organic growth, and disciplined acquisitions that characterize the group’s financial profile.
Legrand at a glance
- Company: Legrand
- ISIN: FR0010307819
- Ticker:
- Trading venue: Euronext Paris
- Sector / Industry: Electrical equipment and building infrastructure
- Index membership:
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