Rexel : CMD feedback: convincing, but with some concerns
>A good CMD, convincing stance, but with two areas of concern - The group held a CMD yesterday, it upgraded its 2022 guidance and it provided new 2022-2025 guidance (see our flash yesterday “CMD today: upward revision to 2022 targets and ambitious new targets for 2025”).Having opened higher, the stock ultimately turned down yesterday, albeit in a market under pressure. We think there are two key reasons for this:Some expressed concerns around the group’s pla...Rexel distributes low and ultra-low voltage electrical products to contractors, industrial and commercial customers (industrial and commercial companies, municipalities, public entities, parts manufacturers and panel builders). Its products are used for new installations, or maintenance & repair of existing installations. Its products covers Electrical Installation Equipment, Conduits and Cables, Lighting, Security & Communication, Climate Control, Tools, White & Brown Products. Co. also offers services to its customers, such as logistics & distribution, technical assistance & training. Co. operates mainly in four geographical areas: Europe, North America, Asia-Pacific and Latin America.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.