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Legrand SA (LGRDY) Q1 2026 Earnings Call Transcript
2026-05-07 · via All Articles on Seeking Alpha

Legrand SA (LGRDY) Q1 2026 Earnings Call May 7, 2026 2:30 AM EDT

Company Participants

Benoît Coquart - CEO & Director
Franck Lemery - Executive VP & CFO

Conference Call Participants

George Featherstone - Barclays Bank PLC, Research Division
Max Yates - Morgan Stanley, Research Division
Daniela Costa - Goldman Sachs Group, Inc., Research Division
Andre Kukhnin - UBS Investment Bank, Research Division
Alasdair Leslie - Bernstein Institutional Services LLC, Research Division
Philip Buller - JPMorgan Chase & Co, Research Division
Alexander Virgo - Evercore ISI Institutional Equities, Research Division
Aron Ceccarelli - BofA Securities, Research Division
Eric Lemarié - CIC CIB, Research Division
James Moore - Rothschild & Co Redburn, Research Division
Gael de-Bray - Deutsche Bank AG, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to today's Legrand 2026 First Quarter Results Conference Call. For your information, this conference is being recorded. [Operator Instructions] Later, there will be a question-and-answer session.

At this time, I would like to hand the call over to CEO, Mr. Benoît Coquart; and CFO, Mr. Franck Lemery. Please go ahead, sir.

Benoît Coquart
CEO & Director

Thank you very much. Good morning, everybody. Franck Lemery, Ronan Marc and I are happy to welcome you to Legrand Q1 2026 Conference Call and Webcast. As you know, this morning, we published our press release, financial statements and the slide show that we will refer to during the call. After a few opening remarks, we will comment the results into more details.

Let me start on Page 4 with the key highlights of the quarter. First, Legrand delivered strong sales growth driven by data centers and acquisitions while maintaining excellent profitability. Second, we announced 4 very exciting acquisitions since the beginning of the year. Third, we confirm our full year 2026 targets.

Moving to Pages 6 and 7. I will start with an