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 reported its financial results for Q1 2022, showing strong growth with net sales increasing to €1,972.3 million from €1,674.1 million in Q1 2021. Operating profit rose to €377.6 million, reflecting a 10.9% increase year-over-year. Basic earnings per share improved to €0.968, up from €0.853. Cash and cash equivalents slightly decreased to €2,778.5 million. The company also acquired Emos, a leading electrical installation components provider in Central and Eastern Europe, enhancing its market position. Despite positive results, the free cash flow dropped significantly to €44.4 million from €245.9 million.
Legrand reported a 17.8% increase in sales for Q1 2022, reaching €1,972 million, driven by a 11.2% organic growth rate. Adjusted operating margin stood at 20.3%, while net profit rose 13.3% to €258 million. The company confirmed its full-year targets, aiming for 5% to 11% sales growth amid ongoing inflation and supply chain pressures. Legrand also prioritized ESG goals, unveiling its fifth CSR roadmap, and will propose a €1.65 dividend per share, a 16.2% increase from 2020, at the upcoming shareholder meeting.
As of April 30, 2022, Legrand reports a total of 266,817,746 shares in its capital, with 266,262,686 exercisable voting rights. This reflects a decrease from 267,447,746 shares at the end of December 2021. The company will release its Q1 2022 results on May 5, 2022, with a general shareholders' meeting set for May 25, 2022. Legrand aims to navigate the evolving market through acquisitions and innovation, focusing on connected solutions and energy efficiency.
Legrand announced that as of April 6, 2022, the total number of shares in circulation stands at 266,817,746, with a theoretical number of voting rights also at 266,817,746. The number of exercisable voting rights is slightly lower at 266,392,334 due to shares without voting rights. This update follows a period where the total number of shares remained consistent since the end of 2021, with no exercise of stock options reported. Upcoming key dates include the first-quarter results on May 5, 2022, and the General Meeting of Shareholders on May 25, 2022.
Legrand reported significant stock transactions from April 4 to April 7, 2022. The total trading volume reached 305,000 shares, with a weighted average purchase price of €83.30. Key transactions included 31,252 shares traded at €86.5190 on April 4, and 90,000 shares at €82.4195 on April 7. These activities were conducted in the Euronext Paris market, signaling active trading behavior and potential investor interest in LGRDY.
Legrand reported the total number of shares as of March 31, 2022, standing at 266,817,746, a decrease from 267,447,746 shares as of December 31, 2021. The number of exercisable voting rights is 266,591,539. Key upcoming dates include the first-quarter results on May 5, 2022 and the General Meeting of Shareholders on May 25, 2022. Legrand continues to focus on profitable growth through innovation and acquisitions, having reported sales of €7.0 billion in 2021.
Legrand (Euronext Paris: LR) reported its share buyback activities for the week of March 28 to April 1, 2022. The company repurchased a total of 145,000 shares at an average purchase price of €87.1524. The transactions were conducted on Euronext Paris, with daily volumes ranging from 20,000 to 45,000 shares at prices between €86.6671 and €88.3179. This move reflects Legrand's strategy to enhance shareholder value through stock buybacks.
Legrand announces its 5th sustainable development roadmap at a virtual ESG event on March 29, 2022. The roadmap spans 2022-2024 and focuses on four main pillars: reducing carbon footprint, promoting diversity, developing a circular economy, and responsible business practices. Key targets include reducing emissions by helping customers avoid 12 million tons of CO2, ensuring 30% of management roles are held by women, and using 15% recycled plastics in products. The event features CEO Benoît Coquart and CFO Franck Lemery.
Legrand announced a share buyback program involving up to 450,000 shares, approximately 0.17% of its capital. The buyback period is set from March 28, 2022 to May 10, 2022, with an average purchase price not exceeding €120 per share. These shares will primarily fund performance share plans or may be canceled. This program is authorized by shareholders as of May 26, 2021. The company aims to enhance shareholder value and maintain a strong presence in the market.
Legrand has updated its share capital, reporting a total of 266,817,746 shares as of February 28, 2022, reflecting a decrease from 267,447,746 shares at year-end 2021. The company recorded 266,754,233 exercisable voting rights after deducting shares without voting rights. No new shares will be issued due to the expiration of the stock options plan in March 2020. Key financial dates include the March 29, 2022 ESG Digital Capital Markets Day and the May 5, 2022 release of first-quarter results.