Rexel: 19% decline in FY recurrent net income
(CercleFinance.com) - Rexel today announces recurrent net income that is down 18.
6% to 277.7 million euros for 2020, with an adjusted EBITA margin of 4.2% on sales of 12.59 billion euros, down 8.4% (-6.5% in comparable data and constant days).
With free cash flow of 613 million euros, which has enabled the group to have net financial debt of 1.3 billion euros, the group is resuming its dividend distribution policy, proposing a dividend of 0.46 euro per share.
Rexel's ambitions for 2023 are to outperform the market by 50 to 100 basis points, reporting an adjusted EBITA margin of over 6% on a like-for-like basis (around 6.5% including potential portfolio management operations).
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6% to 277.7 million euros for 2020, with an adjusted EBITA margin of 4.2% on sales of 12.59 billion euros, down 8.4% (-6.5% in comparable data and constant days).
With free cash flow of 613 million euros, which has enabled the group to have net financial debt of 1.3 billion euros, the group is resuming its dividend distribution policy, proposing a dividend of 0.46 euro per share.
Rexel's ambitions for 2023 are to outperform the market by 50 to 100 basis points, reporting an adjusted EBITA margin of over 6% on a like-for-like basis (around 6.5% including potential portfolio management operations).
Copyright (c) 2021 CercleFinance.com. All rights reserved.