French group Legrand, a global specialist in electrical and digital building infrastructures, recorded a 12.3% increase in revenue in the first quarter of 2025, reaching €2.28bn ($2.45bn), according to a company statement relayed by AFP on May 7. This performance was primarily driven by strong demand in the data centre sector, which accounted for 20% of the group’s sales in 2024.
Net profit stood at €293mn ($314mn), up 6.3%, while adjusted operating profit (including acquisitions) rose by 13.1% to €470mn ($504mn). The adjusted operating margin came in at 20.7%. Chief Executive Officer Benoît Coquart confirmed the 2025 targets, stating that the group is “steadily executing its strategic roadmap through to 2030”.
Long-term targets and geographical exposure
Legrand is aiming for revenue between €12bn and €15bn ($12.9bn to $16.1bn) by 2030, compared with €8.6bn ($9.22bn) in 2024. For 2025, the group is targeting organic growth of between 6% and 10%, including acquisitions and excluding exchange rate effects.
Geographically, the United States accounted for 37.7% of group revenue, with a 20.2% increase in the first quarter, supported by the performance of data centre-related products. In Europe, which represents 40.9% of revenue, market conditions remained “broadly sluggish” according to the group, particularly in the building sector.
Managing the impact of tariffs
Asked about the tariff measures imposed by the Trump administration, Benoît Coquart estimated their impact on Legrand at around $150mn to $200mn. He stated that this cost would be offset through pricing adjustments and supply chain reorganisation.
The International Monetary Fund (IMF) believes the tariffs could impact global growth but does not currently foresee a recession, the CEO noted. Legrand nonetheless anticipates a gradual normalisation of trade policy in its yearly outlook.
Outlook for 2025 and operational initiatives
The group plans to maintain an adjusted operating margin equivalent to that of 2024 and aims to achieve a 100% success rate for the first year of its 2025–2027 corporate social responsibility roadmap. No further numerical projections were provided regarding future investments in data centres or potential external growth operations.
“The outstanding performance of our data centre offerings strengthens our strategic positioning in a fast-growing sector,” Benoît Coquart concluded during the conference call.
