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Legrand shares rose 6.6% and the company lifted medium-term targets, including average organic revenue growth of 6%-8% per year between 2027 and 2030 and an adjusted operating margin averaging 21%-22% of total sales.
Legrand is expected to rise 3% to 3.5% in pre-market after lifting medium-term targets: average organic revenue growth of 6%-8% per year (2027-2030) and adjusted operating margin averaging 21%-22% of sales, versus prior guidance of 3%-5% growth and around 20% margin.
Legrand Sees Medium-Term Organic Sales Growth of 6%-8% a Year
The French building infrastructure group now expects 6% to 8% average organic revenue growth in 2027-2030, versus 3% to 5% for 2025-2030, and an adjusted operating margin of 21% to 22% of sales, versus around 20% previously.