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 announced a study confirming the efficacy of its Indigo-Clean light disinfection technology in inactivating SARS-CoV-2 and influenza A viruses across clinical settings. Published in Scientific Reports on September 30, 2021, the research demonstrated a 94% inactivation rate for the virus. The findings reinforce Indigo-Clean's role in ensuring safety in healthcare environments, especially during the COVID-19 pandemic. The study was funded by Kenall and highlights the technology's quick return on investment, with potential for further application in various clinical settings.
Legrand will hold a virtual Capital Markets Day on September 22, 2021, from Limoges, France, to discuss strategies for accelerating value creation. Key leaders, including CEO Benoît Coquart and CFO Franck Lemery, will present their unique growth model, focusing on leadership, innovation, and acquisitions. The Group aims to increase the contribution of high-growth segments such as datacenters and connected products from 31% in 2020 to 50% in the medium term. Additionally, Legrand aims for a sales growth of +5% to +10% and will reaffirm its commitment to ESG initiatives.
Legrand announces the total number of shares as of August 31, 2021, remaining constant at 267,447,746. The number of exercisable voting rights stands at 266,757,865 after accounting for shares without voting rights. Notably, no shares will be created from stock options as the last plan expired in March 2020. Key financial dates include Capital Markets Day on September 22, 2021, followed by the 2021 nine-month results on November 4, 2021.
Legrand, a leading global specialist in electrical and digital infrastructures, reported sales of €6.1 billion in 2020.