Legrand, a French company based in Limoges, now generates over 25 % of its revenue from data centers, a segment driven by strong growth in artificial intelligence demand. With a market capitalization of 35.20 billion euros and an operating margin exceeding 20 %, the group ranks among the most profitable industrial companies in Europe. The stock, traded under ticker LR on Euronext Paris and eligible for the French PEA savings account, has gained 7.83 % over the past year and has raised its dividend continuously for over twenty years. This AI exposure was reinforced by the acquisition of Avtron Power Solutions for nearly one billion euros in October 2025. The main risk lies in the growing reliance on major US cloud providers, which now account for 43.4 % of revenue, while net debt surged from 3.03 to 4.67 billion euros in just one year.
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