Plus   Neg

Rexel Q3 Sales Rise, Confirms FY19 Outlook - Quick Facts

Rexel SA (RXLSF.PK), a French distributor of electrical supplies, reported Thursday that its third-quarter sales were 3.42 billion euros, up 3.3 percent from last year on a reported basis. On a constant and same-day basis, sales were up 0.9 percent.

The results reflected solid sales momentum in Canada, key European countries and China.

In the quarter, sales in Europe increased 0.8 percent on a reported basis, while sales on a constant and same-day basis were down 0.7 percent.

Sales in France were up 3.3 percent, with continuing good momentum in commercial and residential markets, while industrial is growing at a slower pace.

Sales in North America grew 7.7 percent on a reported basis and went up 2.8 percent on a constant and same-day basis, mainly driven by Canada.

In the third quarter, sales in Asia-Pacific were down 0.1 percent on a reported basis.

Looking ahead for fiscal 2019, the company continues to expect a 2 percent to 4 percent same-day sales growth, excluding an estimated unfavorable impact of 1 percent from branch closures in Germany and Spain, and a 5 percent to 7 percent increase in adjusted EBITA.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products. SpaceX's Starship rocket prototype was damaged while undergoing pressurization testing on Wednesday evening. Video from the vicinity of SpaceX's Boca Chica test facility in Texas showed white plumes erupt from the top part of the Starship Mark 1 vehicle while it was undergoing a pressurization test. The eruption blew off the upper bulkhead high into the air.
Follow RTT