First-Quarter 2025 Sales
Same-day sales up +1.4% in Q1 25, back to positive territory
Sales growth driven by North America, with improving trends in Europe
Active portfolio management with one acquisition and one disposal completed in April
Full-year guidance confirmed amid uncertain macro-political environment
→ Q1 25 sales of €4,825m, up +1.4% on a same-day basis, back to positive territory
- North America up +3.8% on a same-day basis, driven by good backlog execution of non-residential projects and better momentum in the Proximity business
- Europe down (0.7)% on a same-day basis, showing positive momentum in all countries following a (3.8)% decline in Q4 24
- Pricing contributed for 80bps to sales growth
→ Active portfolio management with one US acquisition and the disposal of our Finnish operations, prioritizing acquisitions in combination with targeted divestments designed to allocate resources to markets offering the highest value-creation potential for Rexel
→ Continued ramp-up of digital penetration rate, reaching 33% of sales in Q1 25, up +241bps
→ Execution of strategy presented at our June 2024 CMD and deployment of Axelerate 2028, focused on acceleration of operational excellence initiatives to secure mid-term ambitions
→ 2025 guidance confirmed, while continuing to closely monitor direct and indirect effects of tariffs on sales and profitability, particularly in North America
| Key figures (€m) | Q1 2025 | YoY change |
| Sales on a reported basis | 4,825.0 | +2.5 % |
| On a constant and actual-day basis | (0.4) % | |
| On a constant and same-day basis | +1.4 % | |
| Same-day sales growth by geography | ||
| Europe | 2,407.3 | (0.7) % |
| North America | 2,151.2 | +3.8 % |
| Asia-Pacific | 266.6 | +1.4 % |
Guillaume TEXIER, Chief Executive Officer, said:
“The first quarter of 2025 had positive momentum, with solid growth in North America, Europe recovering sequentially and price effect improving, allowing us to post positive organic sales growth for the first time in one year. We are happy that we were able to deliver such a performance in an economic environment which remains globally soft and uncertain.
In this context, Rexel accelerated its strategic plan, gaining market share in key countries, implementing cost savings and margin actions, and being active and agile on capital allocation. All of Rexel’s employees are now fully mobilized around our Axelerate 2028 plan with the goal to enhance value to our customers and deliver on our midterm financial targets.
Even though the new and fast-evolving global tariffs environment creates a level of uncertainty, with both new challenges and new opportunities, we are confident in Rexel’s resilience and agility and confirm our guidance for 2025.”
