Legrand SA (LGRDY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Legrand 2025 Full Year Results Conference Call and Webcast. At this time, all participants are in listen-only mode. After this speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press star, one, one on your telephone keypad. You will then hear an automatic message advising your hand is raised. To withdraw a question, please press star, one, and one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to our first speaker today, Benoit Cocard, CEO of Legrand. Please go ahead. Thank you. Good morning, everybody. Franck Lemery, Renaud Marc, and myself are happy to welcome you to the Legrand 2025 Full Year Resource Conference Call and Webcast. As you know, this call is recorded. We have published today our press release, financial statements, and a slideshow to which we will refer. I begin on page four with the three key highlights of this release. First, Legrand delivered a remarkable performance with record sales growth, high profitability, and a strong achievement of its CSR objectives. Second, the group continued the successful deployment of its strategic roadmap towards 15 billion euros of sales by 2030. Third, Legrand is targeting further sales growth of between plus 10 and plus 15% in 2026, excluding currency effects. Starting on page six of the deck, we fully achieved our annual targets for 2025, which we will detail further by key topic during the presentation. Moving to page seven, I will start with another view of sales in 2025, excluding currency effects, our sales grew by plus 13.1%. This includes an organic growth of plus 7.7%. This growth is driven by an outstanding performa...