The electrical infrastructure specialist is among the biggest losers on the CAC 40 this Wednesday afternoon, going against a generally rising Parisian market. The stock has fallen below its 20-day moving average amidst its general meeting held today and the upcoming dividend detachment scheduled for the end of the week.
Legrand shares are down 2.18% at €150.20, while the CAC 40 is up 0.85% during the session. The stock is among the biggest losers on the index, alongside STMicroelectronics, Capgemini, Engie, and TotalEnergies. The price has fallen below the 20-day moving average of €152.89, a decline of -1.76%, after testing this threshold in recent days. However, the medium-term trend remains upward as the stock is still above the 50-day moving average at €146.10 and the 200-day moving average at €138.55, marking a +8.4% difference with the latter. The RSI at 54 remains in a neutral zone, indicating no significant buying or selling pressure. The weekly performance remains positive at +3.16%, while the quarterly decline is at 2.44%.
General Meeting Today, Dividend Detachment on Friday
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The financial calendar partly explains the session's context. The shareholders' general meeting is taking place this Wednesday, May 27, 2026, and the dividend detachment will occur on Friday, May 29. Traditionally, this timeline impacts the stock price in the days leading up to it. As a reminder, the first quarter 2026 revenue increased by 11.4% to €2.537 billion, with a stable adjusted operating margin of 20.7%, but net debt rose to €4.67 billion. The acquisition strategy continued, with the fifth operation of the year being the purchase of SRS Power Engineering in Malaysia announced on May 20. Year-over-year, the valuation maintains a gain of 39.07%, still off its record high on May 7 at €166.95. The next technical level to watch will be the support at €145.60.
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.
