Legrand among the biggest decliners in the CAC 40, but up 7% over one week
The electrical equipment manufacturer for buildings closes Friday's session in negative territory, while the CAC 40 remains virtually flat. This decline follows a week of gains after the publication of its nine-month accounts, which had driven the stock higher.
A decline at the bottom of the CAC 40 after a week of gains
The stock loses 1.27% to €136.40, among the largest decliners in the CAC 40, while the index gains 0.09%. This drop remains modest compared with the gain of about 7% recorded over seven days, driven by the upward revision of annual targets on November 5.
Legrand had then announced revenue of €8,329.4 million for the nine months, up 19.5%, and raised its 2026 organic growth target to 11-13%. Over three months, the stock still falls by more than 4%.
The price remains close to its 50-day moving average (MM50) and below its 200-day moving average (MM200) at €141.23
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The price is in contact with the MM50 (€135.81, a gap of 0.43%), which it has regained over the course of the week. The MM200, at €141.23, remains 3.4% above the stock price and marks the next level to clear to confirm the rebound.
The 20-day moving average (MM20), at €131.25, is well below the current price. The RSI at 54 remains neutral, far from any zone of tension.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 8 329 millions d'euros
Quarterly revenue: 8 329 millions d'euros
Revenue growth: 19,5 %
EBITDA: 1 950 millions d'euros
EBITDA margin: 23,4 %
Net income: 1 067 millions d'euros
Free cash flow: 1 010 millions d'euros
5 373 millions d'euros
Guidance from the release
« Forts de notre performance depuis le début de l'année, nous relevons nos objectifs pour 2026 »
Risks mentioned
Intégration de multiples acquisitions représentant un défi opérationnel majeur avec calendrier d'intégration étalé.
Impact des mouvements de change négatif (-6,6 M€ de pertes de change au compte de résultat et -588,5 M€ en réserves de conversion).
Augmentation du besoin en fonds de roulement : stocks +315,6 M€, créances clients +458,9 M€ en 9M.
Opportunities identified
Poursuite de la stratégie d'acquisitions ciblées créatrice de valeur avec 7 acquisitions complétées en 9M 2026 (Green4T, Kratos Industries, TES, Keydak, SRS Power Engineering, Girtz Industries, Axel Health).
Croissance du chiffre d'affaires de 19,5% YoY portée par le déploiement des acquisitions et l'intégration en cours.
Amélioration du cash-flow libre à 1 009,5 M€ (12,1% du CA) malgré les investissements d'acquisition.
Outlook / guidance
Expected revenue: 11 472 millions d'euros
Management commentary: « une croissance de ses ventes (hors effets de change) comprise entre +20% et +22% »
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.
