Press Releases

Second-quarter & half-year 2011 results


Solid performance in Q2: continued growth in sales, margins and profits. Full-year targets confirmed


Continued sales and profit growth in Q2
 Sales up 5.1% on a constant and same-day basis
 Gross margin improved by 10bps to 24.6%
 EBITA margin up 80bps to 5.7%

Strong performance in H1
 Sales up 6.1% on a constant and same-day basis and up 7.3% on a reported basis
 EBITA margin up 90bps to 5.3%
 Net income up 88% at €174m

Strengthened financial structure
 Free cash flow before interest and tax of €123m in Q2
 Indebtedness ratio at 3.0x EBITDA at June 30, 2011

Full-year targets confirmed
 Improvement of EBITA margin by at least 50bps
 Free cash flow before interest and tax above €500m

Jean-Charles Pauze, Chairman of the Management Board and CEO, said:

Rexel’s performance since the beginning of the year enhances our confidence that we will achieve our full-year objectives.
In the second quarter, Rexel continued to deliver a solid performance, driven by further growth in sales and volumes while maintaining a strong focus on cost control.
We will continue, in the second half, to accelerate our strategy combining organic growth, through an expanded offer of value-added services and energy-efficient solutions, and selective acquisitions.”


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