Legrand raises its 2030 targets and aims for organic growth of +6 to +8% per year

Three priority pillars for the 2030 trajectory

The group structures its global roadmap through 2030 around three priority pillars. Data centres represent 32% of revenue, the energy transition linked to electrification 22%, and essential building infrastructure 46% (breakdown at end of first half 2026, including digital lifestyles for the latter).

According to the statement, this strategy is based on digitalisation, the growth of data centres linked to artificial intelligence development, electrification and the structural needs of buildings. Chief Executive Officer Benoît Coquart is to present how the group has exceeded the growth and profitability commitments announced at its 2024 investor day.

Raised financial targets for 2027-2030

For the 2027-2030 period, Legrand targets annual organic revenue growth of between +6% and +8%, supplemented by an average annual scope effect of approximately +5%, and disposals representing between €0.5 billion and €1.0 billion of revenue over the period.

The group targets an adjusted operating margin of between 21% and 22% of revenue on average, as well as free cash flow representing between 13% and 15% of revenue. Capital allocation provides on average approximately 60% of free cash flow dedicated to acquisitions and a dividend distribution corresponding to approximately 50% of net income. The group will target a financial leverage ratio of 1.5x to 2.5x net debt to EBITDA. These ambitions are stated subject to the absence of major macroeconomic disruption.