Legrand SA Capital Markets Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: James Moore - Redburn Atlantic - Analyst : I need to stand up. I'm James Moore. I work at Redburn Atlantic. The first question would be really -- thanks for the new segmentation and the energy transition piece of the business, very helpful, 25% of business. To what degree have you just repackaged the company to orient yourself towards the splits that other electrical players have versus what I hope is more the case, you've actually seen the growth potential of electrification? And you're taking, I don't know, a pre-existing transformer business in Italy, a French circuit breaker business, and you're trying to actually push it

Question: James Moore - Redburn Atlantic - Analyst : If a follow-up means a second question, could I ask about cooling? If we go to a world where direct to chip and immersion happen in the next decade, people talk about liquid growing at 80% on cooling and air growing at 10%. But where does rear door heat exchanger really fit into that? It feels like it is quite linked to that speeding up, but how does it play out if we move to CDUs and liquid?