Rexel: Q3 sales up 3.3%
(CercleFinance.com) - Rexel has posted Q3 sales of 3,422.
2 million euros, up 3.3% and up 0.9% like-for-like, reflecting strong momentum in Canada. key European countries and China.
"The third quarter saw a slowdown in growth, partly due to a more difficult environment in the industrial segment in the US and Germany," CEO Patrick Berard nevertheless acknowledged.
Assuming a broadly unchanged macroeconomic environment, Rexel has confirmed its FY targets, including adjusted EBITA growth of between 5% and 7% at comparable consolidation scope and exchange rates.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2 million euros, up 3.3% and up 0.9% like-for-like, reflecting strong momentum in Canada. key European countries and China.
"The third quarter saw a slowdown in growth, partly due to a more difficult environment in the industrial segment in the US and Germany," CEO Patrick Berard nevertheless acknowledged.
Assuming a broadly unchanged macroeconomic environment, Rexel has confirmed its FY targets, including adjusted EBITA growth of between 5% and 7% at comparable consolidation scope and exchange rates.
Copyright (c) 2019 CercleFinance.com. All rights reserved.