Rexel : CMD today: upward revision to 2022 targets and ambitious new targets for 2025
>Rexel takes the risk of revising upwards its 2022 targets - Rexel announced this morning, ahead of its CMD scheduled for this afternoon, that it has raised its 2022 targets. It now expects: Organic sales growth on a constant day basis between 7% and 9% vs 4-6% previously;An adjusted EBITA margin of around 6.7%, incl. 50bp of positive non-recurring inflationary impacts (vs above 6% previously);FCF on EBITDA (before lease) of 60% (unchanged).This up...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.
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