Legrand raises medium-term targets on data centre growth

  • Legrand raised its 2027-2030 growth, margin and cash-flow targets on data-centre demand.
  • Legrand forecasts 6% to 8% annual organic sales growth and a 21% to 22% margin.
  • Legrand expects data-centre sales to exceed €3 billion in 2026.

Legrand raised its 2030 growth, profitability and cash-flow targets as demand for power and cooling equipment in AI data centres accelerates. The French electrical and digital building infrastructure group now expects organic sales growth of 6% to 8% annually from 2027 to 2030, compared with its previous 3% to 5% forecast for 2025-2030, and an adjusted operating margin averaging 21% to 22% of sales, versus about 20% previously. The company expects acquisitions to add about 5% of sales growth annually and plans divestments representing €500 million to €1 billion of sales over the period. Legrand said data-centre sales should exceed €3 billion in 2026, after the segment accounted for 32% of group sales in the first half. Shares rose 7.1% on Tuesday, compared with an earlier report of a 6.2% increase in European morning trading. The company generated €9.5 billion in sales in 2025 and said it had exceeded commitments made at its 2024 Capital Markets Day.

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