Rexel : Feedback CMD: a more resilient group, with medium-term prospects in line with expectations
>4% organic growth per year in the medium term - At a CMD held last Friday, Rexel's management reviewed the progress made in recent years (increase in the weight of digital, concentration on a limited number of countries, margin recovery, etc.) and provided new medium-term targets (see page 2 for more details). The mid-range organic growth target of 4% (3% to 5% if we exclude the 2-3% of external growth) does not include 2024 (a year of transition) and should be...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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