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
Ford has revived the iconic Bronco brand after a gap of 24 years, this time as a dedicated off-road brand aiming to take on Fiat Chrysler's Jeep Wrangler, the dominant vehicle in the off-road category. Ford has introduced three new vehicles under the all-new Bronco brand as a 4x4 family of rugged SUVs under the tagline, "Built Wild". 3M Co. is teaming with researchers at Massachusetts Institute of Technology or MIT to develop a new rapid antigen test that detects the COVID-19 virus. The research, being conducted at the pilot lab facility at 3M's headquarters in St. Paul, Minnesota, is to learn if a simple-to-use, diagnostic device can produce highly accurate results within minutes and is feasible to mass manufacture. Retail giant Walmart has teamed up with the U.S. Department of Agriculture (USDA) to enable customers who pay for groceries with SNAP benefits, to gain access to Walmart's pickup and delivery service. Nearly 3,000 Walmart stores in 39 U.S. states are now offering customers receiving SNAP benefits through their Electronic Benefit Transfer (EBT) card to complete payments using the EBT card.
Follow RTT