In this Research Note, we examine Legrand Group, from the perspective of its latest financial results reported on 15th February 2024, strategic roadmap and acquisitions, based on investor presentations and their 2023 Universal Registration Document. Legrand positions itself as the only global specialist in electrical and digital building infrastructure, with the largest product offering on the market.  Legrand offers a range of more than 300,000 products and solutions in over 100 product families. As a giant in profitable niches, Legrand leads as the number 1 or number 2 player in product areas such as wiring devices, emergency lighting, architectural lighting and door entry systems. 2023 Legrand Financial Highlights With sales of €8.4 billion, growing organically and through acquisitions by almost +5%, Legrand published record profitability indicators, with an adjusted operating margin of 21.0% of sales, free cash flow of €1.6 billion (or nearly 19% of sales) and net earnings per share up nearly +16% over […]