Rexel : Disappointing pricing in Q3 prevails over pleasant surprise on volumes
>Q3 surprised positively on volumes, negatively on prices - Rexel reported last Friday morning a solid set of Q3 sales, in line with expectations (see our Equity Flash of 20 October). Sales totalled € 4,665m, up 2.6% like-for-like and on a constant number of working days. The group also cited continuing favourable trends in electrification, despite much tougher comps (33% organic growth in H2 2022 vs 17% in H1 2022). In Q1, electrification activities (PV, EV, hea...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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