Rexel Quarterly Comment
​Rexel, the French distributor of electrical products, released sound Q4 results, which marked clear sequential improvements following the disappointing Q3, and allowed the group to meet the mid-point of its relatively conservative guidance for FY16 (organic sales growth between -3% and +1%; adj. EBITA margin of 4.1-4.5%). The group achieved stable Q4 sales yoy on a constant and same-day basis, after -3.7% in Q3 (FY16 -0.9%). This recovery was mainly driven by the stronger than expected performance in France (19% of total revenues), where sales edged up 3.6% yoy. The French residential market is set to...
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
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.