Rexel : Warning on 2024 profits (revenues and adjusted EBITA margin)
>Q3 revenues reported ahead of schedule and lower than expected - Rexel reported Q3 revenues yesterday evening, ahead of the scheduled date of 30 October. Revenues came in 2.1% lower in organic terms (and at constant number of days), vs -0.1% expected by the consensus. Most of the gap stems from the DACH region, Benelux and the UK, with a decline of respectively -8.3%, -11.2% and -7% in business. Management indicated a worsening environment relative to Q2, partic...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.