Report
Delphine Brault

Rexel : Un peu moins de croissance que prévu mais le redressement se poursuit

>Léger ajustement de nos chiffres après le T3 - Nous révisons nos BPA 2022 en légère baisse en intégrant un peu moins de croissance en volume mais en consolidant aussi Mayer aux US. Nous visons une croissance organique à jours constants en 2021 de 14.6% (inchangée ; T4 à +6.1% est.), puis 2.8% en 2022 (vs 4.0%) ; du côté des marges nous gardons 5.8% en 2021, tandis que 2022 est légèrement relevé en valeur mais un taux de marge réduit à 5.8% (-40 pb) à cause de l’intég...
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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