Rexel : Trading update: margin of around 4.1% targeted in 2020, solid FCF
>New targets for 2020 - After suspending its targets with the advent of the COVID crisis, Rexel today announced new guidance. The group is aiming for an adjusted EBITA margin of around 4.1% for FY 2020, with a fall in full-year actual day sales of around -7%. Financial expenses will be lower than forecast in 2020 and are estimated at around € 80m. Rexel expects cash flow before interest and tax of at least € 500m for 2020, leading to a net financial debt/EBITDAaL rati...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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