Rexel: Q3 sales up 12.6%

(CercleFinance.com) - Rexel has reported Q3 2021 sales of over 3.
55 billion euros, up 12.6% as reported and up 11.5% on a same-day basis.

The electrical supplies distributor explains that this increase reflects positive trends in Europe and North America and slightly negative trends in Asia-Pacific due to a difficult comparable basis.

Rexel says it is very confident in its 2021 targets, which include like-for-like sales growth of between 12% and 15%, an adjusted EBITA margin of around 5.7% and a free cash flow conversion of over 60%.


Copyright (c) 2021 CercleFinance.com. All rights reserved.