Rexel : Growth revised down for 2020 and up for 2021
>Adjustments to our figures, especially in 2020 - Q1 was about in line with our estimates (-3.3% organic) but the -28% fall at the start of Q2 brings us below our previous estimates. We now expect a fall of -8% in full-year sales (vs -4%) and an adjusted EBITA margin of 4.1% (vs 4.6%). For 2021 on the other hand, we now expect a recovery in sales of 4.5% (vs 3.2%) and a margin of 4.8% (unchanged). The group believes that the recovery could be slow and gradual but the ...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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