Smart Buildings

Legrand Connected Buildings Business & 2021 Financials Examined

In this Research Note, we examine Legrand Group, from the perspective of its latest financial results, strategic roadmap, acquisitions, and connected buildings strategy, based on investor presentations, 2021 Capital Markets Day and their 2021 Universal Registration Document. Legrand positions itself as the only global pure player in the electrical and digital building infrastructure industry, with the largest product offering on the market. Nearly 100% of sales are in buildings, serving residential spaces (40%), data centers (over 10%), other non-residential spaces including offices, hotels, and healthcare facilities (40%), and industrial buildings and infrastructure (less than 10%). Legrand offers a wide 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.  Present in nearly 90 countries with a total workforce of over 38,200 employees, Legrand generated sales of nearly €7 billion in […]

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