Report
Delphine Brault

Rexel : Le redressement progressif se poursuit à travers plusieurs chantiers

>Le T3 a affiché une progression en ligne avec la guidance - La croissance organique et la marge d'EBITA ajustée ont été légèrement sous nos estimations (publication de 3 313 M€, +3.4% de croissance organique, marge de 4.4% ; nous attendions 3 338 M€, +4.2% et 4.5% resp.). Le résultat net a été meilleur que prévu (77 M€ contre 63 M€ attendus par nous) à cause de très peu de charges de restructuration. Le FCF a été négatif de -6 M€ contre +40 M€ attendus (var. de BFR ...
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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