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Rexel: Q1 sales up almost 13%

( - Rexel today reports sales of E4.
93bn for Q1 2023, up 12.6%, including 10.1% LFL and at constant days, driven by both volume and price increases.

The electrical supplies distributor highlights strong underlying trends relating to electrification and growing demand for energy efficiency solutions, supported by government initiatives and corporate net-zero emissions programs.

Rexel says it is targeting LFL sales growth of 2% to 6% in 2023, an adjusted EBITA margin of 6.3% to 6.7%, and FCF conversion of over 60%.

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