Rexel: confirms FY 2022 targets
(CercleFinance.com) - Rexel's sales reached 4,705.
4 million euros in Q2 2022, up 12.0% on a constant-day basis.
Business was particularly driven by electrification trends, the rise of digital, volume growth in North America and price increases for non-cable products in all geographies.
Adjusted EBITA came in at 703.7 million euros, up 63.4%, with its H1 adjusted EBITA margin at 7.7% (up 228 bps), therefore reaching an all-time high,
Underlying net profit was 471.1 million euros, up 94.9% in H1 2022, reaching an all-time high.
Management confirms its targets for 2022, supported by a record order book, an easier comparison basis effect in Europe in H2 and renewed growth in China.
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