First-Quarter 2019 Sales
REVENUE GROWTH FOR THE 10th CONSECUTIVE QUARTER
SAME-DAY SALES GROWTH UP 3.1%
FULL-YEAR GUIDANCE CONFIRMED
→ SALES OF €3.315bn IN Q1
- On a constant and same-day basis, sales up 3.1%, or 5.1% excluding asset disposals and turnaround measures, of which:
- Europe: up +0.4%, or +3.4% excluding branch closures in Germany and Spain
- North America: +8.5%, driven by the US
- Asia-Pacific: -1.9% or up +1.9% restated for the impact of the disposal of our Rockwell industrial business in Australia
- Organic actual-day growth of 2.1%, including -1.0% from calendar and -0.5% from copper
- Reported sales growth of 4.2%, including currency (+2.4%) and scope (-0.4%) effects
→ DIGITAL REVENUE UP 13.8% IN Q1, NOW REPRESENTING 17.2% OF TOTAL SALES AND 24.8% OF SALES IN EUROPE (UP 290 bps)
→ SUCCESSFUL REFINANCING AT 2.75% FOR A €600m BOND WITH 7-YEAR MATURITY
→ FULL-YEAR FINANCIAL TARGETS CONFIRMED
“Rexel continues to demonstrate consistent organic growth, with sales growth momentum in the first quarter supported by our strategic initiatives. We continue to execute the “Perform” side of our strategic plan, while accelerating our digital journey on the “Transform” side, focusing on the initiatives presented during our full-year results to further enhance customer satisfaction and improve productivity. The first quarter gives us confidence for the rest of the year and we confirm our full-year targets.”
Patrick Berard, Chief Executive Officer