Legrand Raises 2026 Sales Growth Guidance on North American Strength
The electrical and digital infrastructure specialist increased its full-year sales growth target to between 16% and 19%.
Legrand, the global specialist in electrical and digital building infrastructures, raised its 2026 sales growth guidance to a range of 16% to 19% from a previous target of 10% to 15%. The company now expects organic growth between 8% and 10% and acquisition-led growth of approximately 8%.
Revenue for the first half of 2026 rose 13.1% to 5,400.3 million euros. This trajectory was driven by a 24.2% organic increase in North and Central America, which now represents 47.0% of total group revenue. In contrast, the Europe region, which accounts for 34.9% of sales, saw an organic decline of 2.4%. Total sales in Europe rose 1.6% to 1,880.2 million euros, as growth in Italy and Turkey failed to offset declines in most other countries.
Adjusted operating income rose 12.0% to 1,123.6 million euros. The adjusted operating margin was 20.8% of sales, a slight decrease from the 21.0% recorded in the first half of 2025. The company said this profitability was maintained through pricing and productivity efforts despite inflation impacting the cost base.
Net income attributable to the group grew 11.2% to 698.2 million euros. This represents 12.9% of revenue. Net income per share was 2.669 euros.
Financial liabilities increased during the period. Total gross debt rose to 7,724.4 million euros as of June 30, 2026, compared to 6,603.8 million euros on December 31, 2025. Net financial debt reached 5,755.3 million euros. The net debt to equity ratio rose to 76% from 58% at the end of 2025.
These financing moves included 649.3 million euros in new long-term financing and a 93.1 million euro increase in current bank loans, which were partially offset by 622.7 million euros in dividend payments.
Legrand expects to maintain an adjusted operating margin between 20.5% and 21.0% for the full year.