Rexel : Pricing fully in line with rating, and rightly so OU fully / perfectly in line with
Rexel published its Q3 sales on 21 October and confirmed its FY targets. Earlier in October, the group announced the acquisition of Mayer in the US and had benefited in late September from an upward revision of the outlook to positive at S&P, an opportunity for us to give an update on the group's credit outlook and on our recommendations. - >Q3 sales driven by price hikes, FY guidance confirmed with confidence - Rexel reported Q3 2021 sales again with double-digit grow...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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