Legrand stock falls 1.64 percent after strong first half

Legrand stock closed at EUR 138.15 on September 23, 2026, after a 1.64 percent daily decline. First-half sales rose 13.1 percent to EUR 5,400.3 million, while operating margin held at 19.1 percent.

Legrand stock closed at EUR 138.15 on Euronext Paris on September 23, 2026, down 1.64 percent from the prior session. The move contrasts with first-half sales growth of 13.1 percent and an operating margin of 19.1 percent, according to Legrand.

Sales reach EUR 5,400.3 million

Legrand reported sales of EUR 5,400.3 million for the first half of 2026, with organic sales growth of 9.8 percent. Acquisitions added 6.9 percent to growth, giving the company a broader contribution beyond its underlying expansion.

The same period produced EUR 1,030.5 million in operating profit and EUR 698.2 million in net profit attributable to the Group. Net profit increased 11.2 percent, so earnings growth remained below the 13.1 percent sales increase but still advanced at a double-digit rate.

Margin matches fiscal year 2025

The 19.1 percent operating margin in the first half of 2026 matched Legrand's 19.1 percent margin for fiscal year 2025. That comparison is important because it shows the higher sales base was accompanied by stable reported profitability.

Adjusted operating profit reached EUR 1,123.6 million, equal to an adjusted operating margin of 20.8 percent after acquisitions. Free cash flow stood at EUR 488.3 million, representing 9.0 percent of first-half sales, while net earnings per share reached EUR 2.66.

Stock ends at EUR 138.15

The September 23 closing price of EUR 138.15 on Euronext Paris was 1.64 percent below the previous close. The daily decline gives the share performance a different tone from the operating figures, leaving the market to weigh valuation and expectations against the latest revenue and profit data.

Legrand's investor-relations page also states that the company revised its 2026 full-year targets upward, while the page lists seven acquisitions since the beginning of the year in energy and digital-transition markets. For investors, the key numerical tension is clear: sales grew 13.1 percent in H1 2026, while the reported operating margin stayed at 19.1 percent.

Legrand stock snapshot

• Company: Legrand S.A.
• Ticker: LR
• Trading venue: Euronext Paris
• Closing price (September 23, 2026): EUR 138.15
• Sector / Industry: Electrical components and equipment
• Index membership: CAC 40