Legrand Stock Soars 7.59% in Session, Boosted by US-Iran Ceasefire
The stock of the specialist in electrical and digital infrastructures shows significant progress this Wednesday morning, driven by a strong rebound of the CAC 40, which gains more than 4% in session. At €145.95, Legrand records a performance of nearly 66% over one year, confirming a sustained bullish dynamic in recent months.
US-Iran Ceasefire Triggers Relief in European Markets
The announcement of a ceasefire between the United States and Iran, made public on April 8, triggers a strong movement of relief in European markets. The CAC 40 gains 4.28% in session, while the SBF 120 advances by 4.20%. In this context, Legrand rises 7.59% compared to the previous day's close, at €145.95, a significant jump for a stock with a very low beta (0.07), indicating a title usually little correlated with overall market movements. The prospect of reopening the Strait of Hormuz and the drop in Brent price — falling below $100 — ease fears about energy costs, a favorable factor for manufacturers like Legrand, whose activity is sensitive to raw material prices and confidence in the construction sector. The movement is shared by other major European industrial stocks: Schneider Electric is up 8.15% and Airbus 6.33% in the same session. Regarding the schedule, the next milestones could maintain attention: the publication of the first quarter 2026 results is scheduled for May 7, followed by the general meeting on May 27 and the detachment of the dividend on May 29.
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From a technical perspective, today's surge pushes Legrand's share price to €145.95, well above the upper boundary of the Bollinger Bands, set at €142.25. This breakthrough translates into a potential short-term overbought signal, with the stock at about 128% of the band's width. The 50-day moving average (€140.26) has also been surpassed, marking a notable technical reversal after several weeks of consolidation: the price was still at €135.68 in the 20-day moving average. The RSI stands at 49, a neutral level suggesting that today's bullish movement is not yet an extension of an already established trend. The resistance level to watch is at €154.80: a sustained breach of this level could confirm a resumption of a more structural bullish momentum. The monthly volatility remains contained at 8.03, highlighting that today's movement constitutes an unusual acceleration for this stock.
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.
