Legrand Profit Beats Forecasts on US Data Centre Demand
The French electrical group reported an 11.5% rise in adjusted operating profit to 524.7 million euros for the first quarter. Strong growth in the United States data centre market helped mitigate ongoing weakness in European construction and renovation sectors.
LEGRAND SA reported a first-quarter adjusted operating profit of €524.7 million, an 11.5% increase from the previous year. The result beat a company-provided consensus of €519 million. Demand for AI infrastructure in the United States is offsetting a slowdown in European residential construction.
Sales rose 11.4% during the period, fueled by a 29.1% jump in the American market. Tech firms are expanding data centers to support AI models, according to France-based Legrand. CEO Benoit Coquart told reporters that data center activity should reach 30% of sales in 2026.
