Report
Delphine Brault

Rexel : Le redressement se poursuit, mais les chantiers sont nombreux

>Le T4 a apporté du bon et du moins bon - Le CA et la croissance organique ont dépassé nos attentes, la marge d'EBITA ajustée a été en ligne (publication de 3 497 M€, +1.9% de croissance organique, marge de 5.0% ; nous attendions 3 441 M€, +0.3% et 5.0% resp.). Le résultat net a été pire que prévu (-26 M€ contre +55 M€ attendus par nous) à cause de fortes charges de restructuration et de dépréciation d’actifs. Le FCF a été un point faible du T4 (245 M€ vs 368 M€ atte...
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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