Legrand SA
LR: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|n@ | LOCK|$><G | LOCK|ClDh<> |
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.
