Rexel : Q1 sales expected to fall by 4%, but this should be the trough
>Q1 2024e sales forecast at -4%, penalised by Europe and China - We forecast sales of € 4.7bn, down 3.9% on a reported basis. This can be broken down into:• A decline in organic growth on a constant day basis of -4.0%, which is comprised of -0.2% pricing, -2.9% volumes and a negative copper effect of 0.9%.• A negative calendar effect of -1.5% (but which should be reversed in the coming quarters), a forex effect of -0.5% and a scope impact of 2% (consolidat...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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