Legrand SA

LR: XPAR (FRA)
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Legrand Earnings: Data Center Demand Powers Revenue Guidance Upgrade; Raising Our Valuation

Legrand issued an unscheduled first-half trading update, reporting 9% organic revenue growth, exceeding company-compiled consensus of 6%. The better-than-expected result was driven by strong demand from data center customers, which account for 20% of group sales. Shares are up 8% July 17 intraday.

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