Legrand updates 2026 growth outlook to 10%
Laggregand, the French company, raised its sales growth forecast for 2026 to 10%, supported by increased investment in AI data centers, acquisitions, and organic demand growth. Data centers achieved more than 30% organic growth in the first half of the year, as companies continued to invest billions of dollars in AI infrastructure, despite rising costs due to the conflict in the Middle East and an approximate 4% increase in raw material prices. The market expects the value of data center equipment and technologies to reach $140 billion by 2028.
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