Report
Anne-Barbara Nicco

Rexel : Update de nos recommandations à la lumière des valeurs relatives

Rexel a publié ses résultats annuels il y a deux semaines. Ils ont été marqués par un recul des ventes plus prononcé que prévu au T4 dans un environnement moins favorable mais aussi par un EBITA ajusté un peu supérieur aux attentes. La génération de free cash-flow est en outre en hausse et reste très solide tandis que le levier demeure largement en-dessous de l’objectif maximal fixé par le groupe et confortablement positionné par rapport au rating. Enfin, les prévisions 2024 sont...
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
Anne-Barbara Nicco

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