Legrand's Shares Bounce Back by 2% and Rise Above Its Moving Average
The electrical infrastructure specialist shows a significant recovery in early afternoon trading, amidst a well-oriented CAC 40. The stock ranks among the notable gains of the Parisian index, after several weeks of decline that had distanced it from its spring peak.
Legrand's Stock Gains 2.11% to €147.55 and Moves Above Its 20-Day Moving Average
Legrand's stock rises by 2.11% to €147.55 in early afternoon trading, while the CAC 40 index is up by 0.52% at 8,411 points. The stock has moved above its 20-day moving average, which stands at €143.79, showing a positive gap of 2.61%. However, it remains slightly below its 50-day moving average at €148.52, which is the next technical threshold to cross to confirm the recovery. The RSI at 48 indicates a neutral setup, consistent with a rebound following a significant decline: the stock is still down 4.22% over the week, yet it maintains a gain of 14.51% over three months. The 200-day moving average at €140.11 remains well below the current price, indicating that the medium-term trend is still bullish.
Sustained External Growth Dynamics in Critical Infrastructure
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This movement occurs as the group continues its strategy of targeted acquisitions in data centers and energy transition. Legrand announced in early June the acquisition of American company Girtz Industries, marking its sixth external growth operation since the start of the year. This expansion dynamic contrasts with a still deteriorated construction context in Europe: the climate in French building construction dropped to -18.2 in June according to Eurostat, and French production has declined by 2.8% year-over-year. The group's diversification towards critical infrastructures and data centers allows it to partially break free from this cycle. On the stock market front, crossing the 50-day moving average of €148.52 will be the next technical milestone to watch, following the crossing of the 20-day mark achieved this Tuesday.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 5 400 millions d'euros
Quarterly revenue: 5 400 millions d'euros
Revenue growth: 13,1 %
EBITDA: 1 263 millions d'euros
EBITDA margin: 23,4 %
Net income: 698,2 millions d'euros
5 755 millions d'euros
Guidance from the release
Legrand enregistre un semestre solide avec à nouveau une croissance record de ses ventes de +17% hors change et toujours une excellente rentabilité ; Objectifs annuels 2026 relevés
Risks mentioned
Situation géopolitique et économique qualifiée de « très évolutive » par la direction
Effets de change négatifs, la croissance publiée étant inférieure à la croissance hors change
Dépendance croissante à la dynamique du marché des centres de données
Opportunities identified
Croissance record de +17 % hors change tirée par les centres de données
Sept acquisitions créatrices de valeur dans la transition énergétique et numérique
Nombreux lancements de produits nouveaux dans le cadre du plan stratégique
Outlook / guidance
Expected revenue: 11 140 millions d'euros
Management commentary: sales growth (excluding currency effects) of between +16% and +19% (vs. +10% and +15% previously), comprising organic growth of between +8% and +10% (vs. +4% and +7% previously), and growth through acquisitions of around +8% (vs. between +6% and +8% previously); ■ adjusted operating margin (after acquisitions) of between 20.5% and 21.0% of sales (unchanged)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
