Latest news with #Legrand
Yahoo
an hour ago
- Business
- Yahoo
Legrand lifts 2025 margin outlook as data centres fuel growth
By Anna Peverieri (Reuters) -French electrical and digital building infrastructure group Legrand on Thursday increased its annual operating margin outlook as it reported first-half core earnings above market expectations. The group, which sells products for the commercial, industrial and residential sectors, had already raised its 2025 revenue growth forecast earlier this month, citing strong North American data centre demand. Tech companies, led by those in the United States, are investing heavily in data centres to meet surging demand for data-hungry artificial intelligence models. Legrand CEO Benoit Coquart told journalists that first-half organic sales growth was up 9%, driven entirely by its data centre business, which accounted for nearly a quarter of sales. The company's data centre revenue has surged nearly sevenfold since 2018, and is expected to exceed 2 billion euros in 2025, he added. The group now expects an adjusted 2025 operating margin after acquisitions of between 20.5% and 21% of sales, compared with 20.5% previously. First-half adjusted earnings before interest and taxes (EBIT) of 1 billion euros ($1.15 billion) beat analysts' consensus of 964 million euros in a company-provided survey. Sales rose 13.4% to 4.77 billion euros, topping the 4.66 billion euro consensus. Coquart said data centres' share of sales could potentially reach 30% but is unlikely to surpass 60%, with residential buildings remaining at the core of the company's business. Here he saw early signs of recovery, particularly in France, but expected no big improvements before 2026. In the U.S., which accounts for 39.2% of group revenue, sales rose 21.6%. Legrand maintained its 2030 targets and said it expects to reach the upper end of its revenue range of around 15 billion euros, compared with 8.6 billion euros it reported last year. ($1 = 0.8715 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
an hour ago
- Business
- Business Wire
Release of Legrand's Consolidated Financial Statements as of June 30, 2025
LIMOGES, France--(BUSINESS WIRE)--Regulatory News: Legrand (Paris:LR) indicates that its consolidated financial statements as of June 30 th, 2025, are available as from today, at: KEY FINANCIAL DATES 2025 nine-month results : November 6, 2025 ' Quiet period 1 ' starts : October 7, 2025 2025 annual results : February 12, 2026 ' Quiet period 1 ' starts : January 13, 2026 General Meeting of Shareholders : May 27, 2026 ABOUT LEGRAND Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for residential, commercial, and datacenter markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing a strategy of profitable and responsible growth driven by acquisitions and innovation, with a steady flow of new offerings that include products with enhanced value in use (energy and digital transition solutions: datacenters, digital lifestyles and energy transition offerings). Legrand reported sales of €8.6 billion in 2024. The company is listed on Euronext Paris and is a component stock of the CAC 40, CAC 40 ESG and CAC Transition Climat indexes (code ISIN FR0010307819). 1 Period of time when all communication is suspended in the run-up to publication of results The reader is invited to verify authenticity of press releases by Legrand with the CertiDox app. More information on
Time of India
18-07-2025
- Entertainment
- Time of India
Oscar-Winning songwriter Alan Bergman passes away
Veteran songwriter Alan Bergman has passed away. He was 99. Veteran songwriter Alan Bergman has passed away. He was 99. As per Variety, Alan Bergman, the Oscar-, Grammy- and Emmy-winning songwriter whose lyric-writing partnership with his wife Marilyn lasted more than six decades and produced such hits as "The Windmills of Your Mind," "The Way We Were" and "In the Heat of the Night," breathed his last on Thursday night at his home in Los Angeles. The Bergmans, who penned hundreds of songs, mostly for movies and TV, bridged the traditional Great American Songbook era of Rodgers & Hart, Cole Porter and Irving Berlin with the more modern pop sensibility of the '60s, '70s and '80s. Alan's wife Marilyn Bergman died in January 2022. She was the first woman president and chairman of the board of the American Society of Composers, Authors and Publishers (ASCAP), a leading performing-rights society for music-makers. The Bergmans won three Academy Awards: for "Windmills" in 1968, with French composer Legrand, from "The Thomas Crown Affair"; for the title song of "The Way We Were" in 1973, with Hamlisch; and the song score for Barbra Streisand 's "Yentl" in 1983, again with Legrand. They were nominated for 13 more Oscars, five of them with their close friend Legrand (including "What Are You Doing the Rest of Your Life?" from 1969's "The Happy Ending," the title song from 1970's "Pieces of Dreams," "How Do You Keep the Music Playing?" from 1982's "Best Friends," and two songs from "Yentl," "Papa Can You Hear Me?" and "The Way He Makes Me Feel"), as per Variety. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bought a car on finance? You could claim £1,000s back! My Car Loan Claims Learn More Undo Two more were with Hamlisch, for songs in 1978's "Same Time, Next Year" and 1980's "Shirley Valentine"; two with Williams, for songs in 1982's "Yes, Giorgio" and 1995's "Sabrina"; and individual songs with Mancini (for 1971's "Sometimes a Great Notion"), Maurice Jarre (for 1972's "The Life and Times of Judge Roy Bean"), Shire (1979's "The Promise") and Grusin (1982's "Tootsie").
Reuters
18-07-2025
- Business
- Reuters
European shares see first daily gain in five on strong earnings
July 17 (Reuters) - European shares snapped a four-day losing streak on Thursday, boosted by gains in industrials ABB and Legrand after they reported positive earnings news. The pan-European STOXX 600 index (.STOXX), opens new tab closed 1% higher. Most major regional bourses also gained, with Germany benchmark DAX (.GDAXI), opens new tab gaining 1.5%, while France's CAC 40 (.FCHI), opens new tab added 1.3%. Swiss engineering group ABB (ABBN.S), opens new tab jumped almost 10% after posting its highest quarterly order intake yet, driven by demand for products used in data centres to support artificial intelligence. France's Legrand ( opens new tab gained close to 9% after the electrical infrastructure provider hiked its annual sales target driven by strong growth in North American data centre segment. Rival Schneider Electric ( opens new tab also jumped 7.7%. European chipmakers recouped some losses from the previous session with TSMC ( opens new tab, the world's main producer of advanced AI chips, posting record profit in the second quarter boosting sentiment. ASML ( opens new tab rose 3.9%, following an 11% drop on Wednesday. Ocado (OCDO.L), opens new tab climbed 18.5% after the online supermarket reported a 77% rise in first-half underlying earnings and said its priority is to generate cash in its next financial year. The latest forecasts had shown that the outlook for European corporate health has deteriorated, with expectations of a drop of 0.7% year-on-year in second-quarter earnings, according to LSEG I/B/E/S data. Investors continued to await clarity on U.S.-EU trade talks with the bloc preparing retaliatory measures in case negotiations with Washington failed. "Markets are still pretty optimistic that this may be the case and that things will progress in the next two weeks," said Daniela Hathorn, senior market analyst at "We've seen in the past, and even in Trump's first term, the amount of times that he actually threatened action and what he delivered was very limited." European equities fell sharply on Wednesday after Bloomberg reported that Trump is likely to fire Federal Reserve Chair Jerome Powell, but Trump later said he is not planning to do so. Meanwhile, Britain and Germany signed a wide-ranging friendship treaty that deepened ties in areas including defence and transport as UK attempts to reset ties with the EU. Among other moving stocks, Tomra Systems ( opens new tab dropped 13.3%, the worst day since October 2023, after the Norwegian group posted a second-quarter net sales miss. Swedish carmaker Volvo Cars ( opens new tab advanced 7.9% after reporting a sharp decline in second-quarter operating profit that still exceeded analyst expectations. Also on Thursday, U.S. June retail sales data showed retail sales rebounding more than expected in June.
Business Insider
18-07-2025
- Business
- Business Insider
NSI NV (0RQN) Receives a Buy from Kepler Capital
Kepler Capital analyst Benjamin Legrand maintained a Buy rating on NSI NV on July 16 and set a price target of €25.00. The company's shares closed last Wednesday at €23.25. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Legrand covers the Real Estate sector, focusing on stocks such as Gecina, Inmobiliaria Colonial, and MERCIALYS. According to TipRanks, Legrand has an average return of 6.4% and a 66.67% success rate on recommended stocks. NSI NV has an analyst consensus of Hold.
