Legrand raises 2030 targets driven by AI data center demand

Legrand has raised its 2030 financial targets, driven by the rapid expansion of AI-driven data centers and global electrification trends. The company projects annual organic sales growth of 6% to 8% through 2030, supplemented by approximately 5% annual growth from acquisitions.

CEO Benoît Coquart identified the data center segment as a primary growth engine, forecasting sales to exceed €3 billion by 2026. The company’s data center portfolio includes power solutions, physical compute infrastructure, monitoring and control systems, advanced cooling, and lifecycle services. To support next-generation, gigawatt-scale operations, Legrand is focusing on Low Voltage Direct Current architectures and open-architecture strategies to address rising rack densities and power distribution requirements.

Legrand’s broader strategic roadmap is built on three pillars: data centers, energy transition through electrification, and essential building infrastructures. The company also plans to execute between €500 million and €1 billion in divestments over the coming years. Financial targets include adjusted operating margins averaging 21% to 22% and free cash flow between 13% and 15% of sales.