Rexel: Q1 sales up 4.2%
(CercleFinance.com) - Rexel, which is specialised in the distribution of electrical supplies to professional users, has posted Q1 sales that are up 4.
2% as reported and up 3.1% in comparable terms, on a same-day basis, which the group says reflects strong momentum in the US, in key European countries and China.
"We continue to execute the “Perform” side of our strategic plan, while accelerating our digital journey on the “Transform” side, focusing on the initiatives presented during our full-year results to further enhance customer satisfaction and improve productivity," said Patrick Berard, Rexel's CEO.
Rexel's targets 2019 like-for-like sales growth, at a constant number of days, of between 2% and 4% (excluding the 1% unfavourable effect resulting from branch closures in Germany and Spain), with adjusted EBITA up by 5% to 7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2% as reported and up 3.1% in comparable terms, on a same-day basis, which the group says reflects strong momentum in the US, in key European countries and China.
"We continue to execute the “Perform” side of our strategic plan, while accelerating our digital journey on the “Transform” side, focusing on the initiatives presented during our full-year results to further enhance customer satisfaction and improve productivity," said Patrick Berard, Rexel's CEO.
Rexel's targets 2019 like-for-like sales growth, at a constant number of days, of between 2% and 4% (excluding the 1% unfavourable effect resulting from branch closures in Germany and Spain), with adjusted EBITA up by 5% to 7%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.