Legrand announced Girtz acquisition. Legrand stock sits 16.78 percent below its high.

Published on 10/09/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales rose 13.10 percent to EUR 5.40 billion. Legrand stock costs EUR 138.93 on October 9, 2026 versus EUR 138.40, plus 0.38 percent.

Key points in brief

Legrand announced the acquisition of U.S. power specialist Girtz Industries on October 6, 2026.
First-half 2026 sales reached EUR 5.40 billion, up 13.10 percent, with a 20.80 percent adjusted operating margin.
Legrand stock was trading at EUR 138.93 at Lang & Schwarz on October 9, 2026, 16.78 percent below its 52-week high.
Evercore ISI upgraded Legrand to Outperform and kept its EUR 175.00 price target on October 2, 2026.

Bauhaus-Poster mit buntem Schriftzug ELECTRIC und geometrischen Formen — Legrand SA (FR0010307819) inspiriert ein geometrisches Bauhaus-Poster mit Sektor-Schriftzug ELECTRIC in kräftigen Farben, Illustration mit AI erstellt.

Legrand (ISIN FR0010307819) was trading at EUR 138.93 at Lang & Schwarz on October 9, 2026 at 11:10 a.m. CEST, 16.78 percent below its 52-week high of EUR 166.95. According to Legrand on October 6, 2026, the company announced the acquisition of Girtz Industries, a U.S. specialist in modular power integration for data centers.

Legrand builds its data center platform

The acquisition extends a strategy that already produced seven purchases in energy and digital transition markets during the first half of 2026, according to Legrand. The company said its data center activity would reach more than EUR 3 billion in sales in 2026, with critical power representing 35 percent of that offering.

Three dated milestones and figures

On July 29, 2026, Legrand reported first-half sales growth of 17.00 percent excluding currency effects, organic growth of 9.80 percent and an adjusted operating margin of 20.80 percent. On September 28, 2026, it set a 2027-2030 organic sales growth ambition of 6.00 percent to 8.00 percent annually. On October 6, 2026, Legrand announced the Girtz Industries acquisition, adding another data center-focused specialist.

What does the growth plan target?

The first-half sales figure was EUR 5,400.30 million, up 13.10 percent, while net profit attributable to the Group rose 11.20 percent in the first half of 2026, according to Legrand. Its upgraded 2030 ambition calls for an adjusted operating margin of 21.00 percent to 22.00 percent, compared with 20.80 percent after acquisitions in the first half of 2026.

Evercore ISI upgraded Legrand to Outperform from In Line on October 2, 2026, while keeping its EUR 175.00 price target, according to Investing.com. The target lies 25.96 percent above the Lang & Schwarz price, using both values in euros.

Next dates for Legrand

Legrand is scheduled to publish its nine-month 2026 results on November 5, 2026, followed by its annual 2026 results on February 10, 2027, according to Business Wire. The dates give investors two reported checkpoints for the sales and margin ambitions.

Stock remains below its yearly high

Legrand stock was trading at EUR 138.93 at Lang & Schwarz on October 9, 2026 at 11:10 a.m. CEST, up 0.38 percent versus the prior close of EUR 138.40 on October 8, 2026. The market capitalization was EUR 36.5 billion as of October 9, 2026, while the 52-week range was EUR 102.30 to EUR 166.95.

The further course of trading is shown by the continuously updated real-time quote of Legrand stock.