Rexel, the French distributor of electrical products, released mixed 1Q18 results. While sales growth (at comparable scope, exchange rates and same-day basis) was 3.9%, in line with market expectations, reported EBITA was down 4.8% to €127m, representing a 30bps decline in margin to 4.0% which was below consensus (by 30bps).
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.
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