Legrand Q3 2026 Earnings Call Transcript
Legrand (OTC:LGRVF) reported third-quarter financial results on Thursday. The transcript from the company’s third-quarter earnings call has been provided below.
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Summary
Legrand is experiencing growth in the U.S. market, particularly in sectors related to the energy transition, reshoring, semiconductors, industrial facilities and infrastructure, driven by recent acquisitions.
The company is focusing on diversifying away from traditional building markets, which are currently not performing well, toward more technical buildings in the U.S.
There is no immediate update on the divestment program, which aims to sell businesses accounting for 0.5 to 1 billion euros in sales by 2030 and focuses on repositioning toward energy and digital transition sectors.
Legrand’s strategic focus is on accelerating growth in energy and digital transitions, while selectively pursuing acquisitions and divestments.
Management emphasized that they are not in a rush to buy or sell, indicating a strategic and measured approach to market opportunities.
Full Transcript
OPERATOR
Thank you. We are now going to take the last question. This one comes from Gail Debray from Deutsche Bank. Please go ahead.
Gail Debray (Analyst)
Oh, thanks very much. Good morning, everybody. The first question I have is related to the US dynamic. I mean, one of your peers recently highlighted that they’re seeing demand broadening much beyond data centers, so in commercial, in industrial buildings now. And it seems that you’re seeing the same dynamics. So could you provide an update on your strategic journey to diversify away from offices, from shopping malls, into more technical buildings in the U.S.?
Thank you. Okay, thank you. And the second one, very quickly, is there any update on the divestment program that you mentioned at the CMD? Okay, thank you very Understood. Thank you very much.
OPERATOR
Thank you. That is all the time that we have for questions for today. I will now hand the call back to Mr. Koca for closing remarks.
Koca (Investor Relations)
Thank you very much, everybody, for connecting. And as usual, the whole team, including Frank, Ronald, Antonia and myself, are at your disposal for any further clarification if needed. Thanks a lot.
OPERATOR
Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.
Disclaimer: This transcript is provided for informational purposes only. While we strive for accuracy, there may be errors or omissions in this automated transcription. For official company statements and financial information, please refer to the company’s SEC filings and official press releases. Corporate participants’ and analysts’ statements reflect their views as of the date of this call and are subject to change without notice.