Rexel : H1 earnings preview: roll on H2
>H1 results set to continue to be undermined by base effects - We expect a mixed set of H1 figures, with negative volumes and margin deterioration. After a revenue decline in comparable terms and on constant days of -4.6% in Q1, we expect a drop of 0.9% in Q2 (consensus at -1.4%). This growth includes -1.9% for volumes (after -3.1% in Q1), 0.3% from price hikes excluding cables (stable in Q1) and a copper effect of 0.7% (-1.5% in Q1).The electrification them...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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