Rexel : Very good Q3 marked by higher volumes, and confidence going forward
>7.5% volume growth in Q3 2022; 2022 guidance raised - Rexel yesterday morning (see flash) reported sales up 16.3% on a same-day basis vs Q3 2021, i.e. 11% above consensus expectations. One very positive aspect of the release was that volumes were up sharply by 7.5% vs Q3 2021 (after 2.8% in Q1 and 0.6% in Q2), with growth of 5.7% in Europe, 10.1% in North America and 4.1% in Asia. Prices were up 8.8%, +9% for non-cable products and -0.2% for cable products.For ...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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