Welcome to our dedicated page for Legrand S A news (Ticker: LGRDY), a resource for investors and traders seeking the latest updates and insights on Legrand S A stock.
Legrand SA's unsponsored ADR (LGRDY) reflects news from a global specialist in electrical and digital building infrastructures. Company updates center on data-center and network infrastructure products, including Infinium acclAIM fiber solutions, patch cords and trunks, intelligent PDUs, cabinets, cable management systems, and Starline Track Busway power distribution.
Recurring developments include product launches from Legrand brands such as Approved Networks, Raritan, Server Technology, Starline, and ZPE Systems; interoperability work for high-density fiber deployments; information-security certifications for network-connected devices; and regional leadership changes in North and Central America. Coverage also includes connectivity, power, control, and out-of-band management offerings tied to data centers, AI infrastructure, and enterprise networks.
Legrand has acquired Encelium, a Canadian manufacturer of advanced commercial lighting controls, effective immediately. This acquisition is part of Legrand's strategy to enhance its leadership in the commercial lighting control sector. Encelium's integration into Legrand's Building Control Systems division is expected to foster innovation and expand market offerings, leveraging Encelium's existing presence in thousands of buildings. The acquisition aims to provide enhanced control solutions, including digital lighting controls and motorized shading systems, benefiting both Legrand and Encelium customers.
On November 30, 2022, Legrand announced the total number of shares at 266,817,746, with 266,679,938 exercisable voting rights. No stock options were exercised, indicating stable share capital. The latest figures remained unchanged since September 30, 2022. Key upcoming financial dates include the annual results on February 9, 2023, and the first-quarter results on May 4, 2023. Legrand, a leader in electrical and digital infrastructure, reported sales of €7.0 billion in 2021 and is listed on Euronext Paris, being a component of the CAC 40 and CAC 40 ESG indexes.
Approved Networks, a brand of Legrand, announced the launch of its new 100GBASE QSFP28 Universal transceiver. This innovative device offers a cost-effective solution for both multi-mode and single-mode applications, significantly reducing sourcing challenges and costs compared to existing multi-mode LC solutions that can take up to 40 weeks to source. The transceiver is in stock and provides single-mode interoperability, setting it apart from traditional solutions. This product expands Approved Networks' diverse family of optical devices for various data center applications.
Legrand has released data as of October 31, 2022, reporting a total of 266,817,746 shares in its capital and 266,676,653 exercisable voting rights. Since July 31, 2022, there have been no changes due to stock options exercised. Key financial dates include the annual results on February 9, 2023 and the first-quarter results on May 4, 2023. The General Meeting of Shareholders is scheduled for May 31, 2023. Legrand, a global specialist in electrical and digital infrastructures, reported sales of €7.0 billion in 2021.
Legrand's consolidated financial report as of September 30, 2022 is now available. The company reported sales of €7.0 billion in 2021 and will announce its 2022 annual results on February 9, 2023, following a quiet period starting on January 10, 2023. The company's operations focus on electrical and digital building infrastructures, targeting improved living and working spaces through sustainable solutions. Legrand is a component of the CAC 40 and CAC 40 ESG indexes.
Legrand reported significant growth in its Q3 2022 results, with net sales reaching €6,153.7 million, up from €5,168.7 million in Q3 2021. Operating profit also increased to €1,164.7 million, compared to €1,041.7 million last year. Basic earnings per share rose to €3.045, reflecting a strong net profit of €811.7 million. However, the company saw a decrease in free cash flow, which fell to €616.9 million from €774.3 million. Legrand’s strategic acquisitions across Europe and North America and the positive impact of currency translation reserves significantly contributed to its overall financial performance.
Legrand has reported a significant sales increase of 19.1% for the first nine months of 2022, reaching €6.15 billion, with organic growth at 10.1%. The adjusted operating margin stood at 20.2%, despite high inflation pressures. Net profit rose 16.1% to €812 million. Two recent acquisitions aim to enhance its position in energy-efficient solutions, contributing nearly €145 million to annual sales. Full-year targets remain positive with sales growth expected between 9% and 12%.
Legrand, a global specialist in electrical and digital building infrastructures, has been indicted in France related to the derogation mechanism, necessitating a security deposit of €80.5 million. The company contends that the charges lack merit and asserts its compliance with laws. Key upcoming financial dates include November 3, 2022 for nine-month results and February 9, 2023 for full-year results. In 2021, Legrand reported sales of €7.0 billion, and it remains a component of the CAC 40 index.
Legrand has reported its total number of shares and voting rights as of September 30, 2022. The total number of shares stands at 266,817,746, with 266,651,033 exercisable voting rights after excluding shares without voting rights. No stock options were exercised since the last report. The next key financial date is the release of the 2022 nine-month results on November 3, 2022, following a quiet period starting on October 4, 2022. Legrand is recognized for its innovative solutions in electrical and digital infrastructures.
As of August 31, 2022, Legrand's share capital comprises 266,817,746 shares, corresponding to the same number of theoretical voting rights. However, the exercisable voting rights are slightly lower at 266,649,838 due to shares without voting rights. No stock options were exercised since the last report on July 31, 2022. Key upcoming dates include the 2022 nine-month results on November 3, 2022 and the annual results on February 9, 2023. Legrand continues its commitment to sustainable growth and innovation, with 2021 sales reaching €7 billion.