Legrand, the French manufacturer of electrical equipment and systems, raised its 2025 revenue forecast on July 18, now targeting growth between 10 and 12%. The group cited solid first-half results, supported by rising demand in the data centre sector. The announcement triggered an immediate 8.96% increase in its share price on the Paris Stock Exchange, closing at €121.55.
Sustained data centre momentum
First-half revenue totalled €4.774bn ($5.19bn), up 13.4% compared with the same period in 2024. On a like-for-like basis, growth stood at 9%, according to the company’s statement. Legrand attributed this performance to “continued strong growth in the data centre sector”, particularly in the United States, a market that continues to offset persistent weakness in the construction industry.
The company, headquartered in Limoges, is banking on a gradual easing of trade policies and a stable macroeconomic environment to support growth throughout the rest of the year. Previous estimates, issued on May 7, projected growth of 6 to 10%.
Industrial investments and geographic expansion
By region, sales rose 1% in Europe, 20.5% in North and Central America, and 3.3% in the rest of the world, all on a like-for-like basis. This performance is backed by a new industrial investment plan in France: Legrand announced an investment of EUR22mn ($23.95mn) at its Montbard site in Côte-d’Or. The project aims to increase production of welded wire cable trays used in next-generation data centres.
The group expects more than 20% of its total revenue in 2025 to come from this segment. Full details of its half-year results and updated financial targets will be released on July 31.
Market reaction across the sector
Legrand’s announcement had a direct impact on other listed peers. Shares of Schneider Electric, another major player in electrical equipment, rose by 7.73% to €239.75. Legrand continues to benefit from the growing deployment of digital infrastructure, without relying exclusively on traditional construction market cycles.
