Legrand shares jump on Q2 organic sales growth beat, guidance hike

Published 17/07/2025, 09:26
© Reuters.

Investing.com -- Legrand (EPA:LEGD) shares jumped more than 7% Thursday after the French electrical and digital building infrastructure group pre-released Q2 and first half (H1) sales that beat analyst estimates and lifted its fiscal 2025 (FY25) guidance.

The company saw a 13.4% increase in consolidated sales for H1 2025 compared to the same period last year, reaching €4.77 billion. Excluding currency effects, sales rose by 15%.

Organic growth came in at 9% for the period, with second-quarter growth accelerating to 10.1%, around 5% ahead of consensus estimates. The strong growth was driven primarily by continued momentum in datacenter-related activity.

By region, Legrand’s organic sales growth in North America accelerated to 22% in Q2, up from 18.8% in the first quarter.

"Legrand has positively pre-released 2Q25 results, and upgraded FY25 guidance, with a very encouraging group 2Q25 organic growth acceleration, driven by data center," Morgan Stanley (NYSE:MS) analysts commented.

"We expect consensus to move to the upper end of the new FY25 organic growth guidance range of 5-7%, given Legrand has already grown organically by 9% in 1H25," they added. 

For H1, sales in North and Central America jumped 20.5% year-on-year, while Europe posted a modest 1% increase. Sales in the rest of the world rose 3.3%.

In light of the strong first-half performance and assuming a gradually improving macroeconomic and trade environment, Legrand raised its full-year 2025 sales guidance.

The company now expects total sales growth—organic and via acquisitions, excluding currency effects—of 10% to 12%, up from its prior forecast of 6% to 10%. This includes projected organic growth of 5% to 7% and around 5% from acquisitions.

Legrand will publish its half-year results and full-year financial guidance on July 31, 2025.

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