Legrand SA
LR: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| G%m | LOCK|&@^%> | LOCK|h!XT<<K |
Legrand Earnings: Stellar Performance Driven Entirely by Data Center Demand; Shares Overvalued
Legrand delivered first-quarter organic revenue growth of 9.3%, driven entirely by data center demand. Reported sales grew 11%, or 18% in local currency, to EUR 2.5 billion, comfortably ahead of company-compiled consensus. Full-year guidance was confirmed. Shares traded slightly higher intraday.
