Rexel : Preview of H1 results (31 July): initial data in IFRS 16
>Results now half-yearly and in IFRS 16 - The group had decided to move from quarterly to half-yearly reporting in 2019 and must simultaneously integrate IFRS 16 (expected impact of +147bp on adjusted EBITDA, +25bp on adjusted EBITA and +€ 930m on net debt). We are forecasting sales of € 6,795m, +2.8% on a constant number of trading days and organic basis (Q2 at € 3,480m, +2.6%), adjusted EBITA of € 316m (4.7% margin under IFRS 16), EBIT of € 248m and net profit of € ...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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