Legrand SA

LR: XPAR (FRA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Legrand Earnings: Stellar Performance Driven Entirely by Data Center Demand; Shares Overvalued

Legrand delivered first-quarter organic revenue growth of 9.3%, driven entirely by data center demand. Reported sales grew 11%, or 18% in local currency, to EUR 2.5 billion, comfortably ahead of company-compiled consensus. Full-year guidance was confirmed. Shares traded slightly higher intraday.

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