Rexel : Confident about its 2022 guidance and prepared in the event of a slowdown
>An excellent H1 underpinning the rest of the year - Rexel released a very good set of H1 2022 results yesterday morning, with adjusted EBITA beating expectations by 21% (see our flash from yesterday). Sales came to € 9,083m, having grown by 13.9% on a constant and same-day basis. Organic sales growth in Q2 alone reached 12% (of which a 11.4% price effect and 0.6% volume effect).Adjusted EBITA totalled € 704m (21% better than expected), thus pushing the m...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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