SUBSCRIBE
PROFILE

Legrand posts 12.3% increase driven by data centre demand

Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

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.

  • Popular on energynews.pro
Ukraine plans to increase gas imports by 30% after Russian strikes
Spanish solar producers warn of impact from negative electricity prices
JANAF and MOL begin crucial talks on Central European oil transport
Ameresco signs $197mn contract to modernise NRL’s energy infrastructure
Ares Management acquires 49% stake in US energy portfolio from EDPR
Veolia and TotalEnergies sign agreement to optimise industrial resources
Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.
North Atlantic takes key step toward acquiring Esso S.A.F.
North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
CPP Investments injects $1 billion into AlphaGen to support AI-driven energy growth
The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
BlackRock and Canada Pension Plan finalise $6.2bn Allete buyout with Minnesota approval
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.
Clariant targeted by BP and ExxonMobil in ethylene case
The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
Statkraft sells its district heating business for NOK3.6bn to Nordic consortium
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas separates regulated and non-regulated activities in major reorganisation
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
Marubeni creates power trading joint venture with SmartestEnergy in Japan
Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
Exxon to cut up to 500 jobs in Singapore as part of global restructuring
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.
Phoenix Energy begins trading preferred shares on NYSE American under PHXE.P
Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.
TotalEnergies cuts investments while accelerating energy production
TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
Occidental in talks to sell OxyChem in a $10bn deal
Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
ABO Energy considers operating its own wind and solar parks
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
Fortescue forges global industrial alliances to electrify its mining operations
Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.
Pemex approves partial debt buyback totalling $9.9bn
Mexican state-owned company Pemex confirmed the partial acceptance of bond securities under its debt repurchase offer, with a total allocation of $9.9bn, following strong oversubscription.
MET Group takes full control of Slovak subsidiary and enters Albania
Swiss energy company MET strengthens its footprint in Central and Southeast Europe with the full acquisition of MET Slovakia and the launch of a new operational subsidiary in Albania.
Gresham House acquires SUSI Partners to become a leading European energy player
UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.
Spruce Power cuts jobs and closes Denver office to save $20mn annually
Spruce Power launches an internal reorganisation aimed at reducing annual operating costs by $20mn, with the closure of its Denver office and a refocus on key initiatives to strengthen profitability.
TotalEnergies adjusts share buybacks and strengthens employee shareholding for 2026
TotalEnergies’ Board of Directors is adjusting its shareholder return strategy while consolidating its multi-energy growth and employee shareholding plan amid an uncertain energy and geopolitical landscape.
Fermi America signs two energy deals with Siemens Energy for 2 GW in 2026
Fermi America has signed two letters of intent with Siemens Energy to supply an additional 1.1 GW of gas turbines and collaborate on nuclear steam turbines as part of its 11 GW private energy campus dedicated to artificial intelligence.