Rexel: Q3 sales down 7.7%
(CercleFinance.com) - Rexel has announced Q3 sales of 3,157.
8 million euros, down 7.7% as reported and down 4.2% LFL, with the same number of working days, albeit significantly improving from -17.7% in Q2.
The electrical equipment distributor thus boasts a gradual improvement, with a gradual recovery in Europe and Asia-Pacific, while North America is lagging behind, with divergent trends between regions/markets.
Given the currently volatile environment, Rexel refrains from communicating targets for FY 2020, with the group continuing to focus on customer service, digital transformation, profitability management and cash generation.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
8 million euros, down 7.7% as reported and down 4.2% LFL, with the same number of working days, albeit significantly improving from -17.7% in Q2.
The electrical equipment distributor thus boasts a gradual improvement, with a gradual recovery in Europe and Asia-Pacific, while North America is lagging behind, with divergent trends between regions/markets.
Given the currently volatile environment, Rexel refrains from communicating targets for FY 2020, with the group continuing to focus on customer service, digital transformation, profitability management and cash generation.
Copyright (c) 2020 CercleFinance.com. All rights reserved.