Report
Delphine Brault

Rexel : Further acceleration of volumes likely in 2022

>Volumes accelerated in Q4 2021 - It seems that opinion was divided last Friday, regarding the 2021 results publication. Some, including ODDO BHF, hailed them, while others pointed to the low level of business volumes, restated for pricing. Indeed, organic growth on a constant number of trading days reached 12.2% in Q4, of which 11.7% of a price effect (6.6% in non-cables and 5.1% in cables), leaving 0.5% for volumes, which seems low. But three key points are wor...
Underlying
Rexel SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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