Imported Layers next prev icon-s-fb--lrg s-in--lrg icon-s-tw--lrg icon-s-tw--simple icon-s-tw--simple-w icon-s-yt--simple
Redirection

It's seems you're located in .
Where do you want to be redirected?

Go to your local branch See all branches

Investor Relations
Ludovic DEBAILLEUX
ir@rexel.com
+33 (0)1 42 85 76 50

Public Relations
Elsa LAVERSANNE
press@rexel.com
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 92

First-Quarter 2018 Results (unaudited)


Q1 18 in line with our expectations

Same-day sales up 3.9% and stable recurring net income

Improved free cash flow

 

→ SALES OF €3.178bn IN Q1, UP IN EVERY GEOGRAPHY

  • On a constant and same-day basis, sales up 3.9%, of which:
    • Europe: +2.8%, with a positive trend in our key countries
    • North America: +3.5%, supported by Canada and our proximity business in the US
    • Asia-Pacific: +12.9%, benefiting from strong sales growth across most countries
  • Organic actual-day growth of 2.8%, including -1.1% from calendar and +0.8% from copper
  • Reported sales growth down 4.2%, including unfavorable currency (-6.0%) and scope (-0.8%) effects

→ ADJUSTED EBITA MARGIN AT 4.0%, DOWN 32bps, MAINLY DUE TO INVESTMENTS

  • Stable gross margin at 25.1%, with improving profitability in North America
  • EBITA margin down 32 bps, mainly impacted by investments in people and digital, as planned

→ STABLE RECURRING NET INCOME AT €68.2m

→ IMPROVED FREE CASH FLOW BEFORE INTEREST AND TAX AT €(119.2)m vs €(206.7)m in Q1 2017

 

I am pleased that our first-quarter numbers show the benefits of the transformation actions and investments we began implementing 18 months ago. We are demonstrating good growth in our main European countries, in the US and Canada as well as in Asia-Pacific. We continue to invest in our future growth and in the digitization of our business, with digital sales now representing 15.6% of revenues. In the US, the regional multi-banner strategy is now in place and should result in further efficiency gains.

Our EBITA margin at 4% mainly reflects investment in people and digital. Our Free Cash Flow has been strong, and we expect to generate a high level of cash conversion in 2018.

The first quarter gives us confidence in further improvement over the year and we confirm our financial targets for the full year, as announced in February.”

Patrick BERARD, Chief Executive Officer


Document to download

Manage your alerts: sign up for email alerts

Investor Relations
Ludovic DEBAILLEUX
ir@rexel.com
+33 (0)1 42 85 76 50

Public Relations
Elsa LAVERSANNE
press@rexel.com
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 92