Legrand acquires Girtz Industries. Legrand stock loses 2.54 percent
Published on 10/07/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Legrand stock (ISIN FR0010307819) was trading at EUR 144.63 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, minus 2.54 percent versus the Euronext Paris close of EUR 148.40 on October 6, 2026. According to Legrand, the company announced the acquisition of Girtz Industries on October 6, 2026, extending its U.S. offering in modular power integration and technical services.
Data centers support the growth plan
The acquisition adds to a strategy centered on electrical and digital infrastructure for buildings and data centers. Legrand's Capital Markets Day materials project more than EUR 3.0 billion of data center sales in 2026, with the activity representing 32.00 percent of sales based on the first-half 2026 sales split.
Legrand set a 2027-2030 organic sales growth objective of 6.00 percent to 8.00 percent annually and an average adjusted operating margin target of 21.00 percent to 22.00 percent. The margin ambition is 1.00 to 2.00 percentage points above the 20.00 percent level cited for the earlier plan, giving investors a clearer measure of how much profitability is expected to accompany expansion.
First-half figures set the baseline
Legrand reported first-half 2026 sales of EUR 5,400.3 million in its investor materials, with total growth of 13.10 percent. Organic growth was 9.80 percent and acquisition-driven growth was 6.90 percent, a 2.90 percentage-point gap between the two growth sources.
The same first-half 2026 materials show an adjusted operating margin of 20.80 percent and net profit attributable to the Group of EUR 698.2 million. The figures matter because the new acquisition strategy is being judged against an operating margin that has already exceeded 20.00 percent in the first half.
Results date and stock level
Business Wire reported on October 5, 2026 that Legrand's nine-month 2026 results are scheduled for November 5, 2026. The same release identifies Legrand as listed on Euronext Paris, a CAC 40 constituent, with 262,245,733 shares outstanding as of September 30, 2026.
Legrand stock was trading at EUR 144.63 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, minus 2.54 percent versus the Euronext Paris close of EUR 148.40 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Legrand stock.
Legrand stock facts
- Company: Legrand S.A.
- ISIN: FR0010307819
- Ticker: LR
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 7, 2026, 9:31 a.m. CEST): EUR 144.63
- Change versus Euronext Paris close: minus 2.54 percent
- Euronext Paris close (October 6, 2026): EUR 148.40
- Market capitalization: EUR 38.0 billion (as of October 7, 2026)
- 52-week range: EUR 121.95-166.95 (as of October 7, 2026)
- Sector / Industry: Industrials / Electrical Equipment & Parts
- Index membership: CAC 40
- Next earnings date: November 5, 2026
