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

Press Relations
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 83

Full-year 2020 results & strategic update


Q4 sales demonstrate agility to capture first signs of recovery in all geographies

Strong discipline in opex management

Robustness & resilience of our FCF conversion rate in FY 2020

2023 ambition: Further sales growth outperformance & adjusted EBITA margin above 6% at constant scope

→ Sales of €3,389.0m in Q4 2020, exceeding expectations, demonstrating our agility to capture first signs of recovery thanks to an intact branch network and our best-in-class digital offer

    • On a constant and same-day basis, sales down -0.7% in Q4 20, with progressive improvement in all geographies and North America recovering from a lower base
    • Same-day sales up low-single digit in January 2021

→ Gross margin temporarily impacted by volume-related rebates in FY 2020

→ Best-in-class opex management, c. 6% structural staffing adjustment, while maintaining our branch network intact

→ Solid free cash flow of €613.0m in FY 2020, translating into financial net debt of €1.3bn, the lowest level since 2007 IPO

→ Recurring net income at €277.7m down 18.6% in FY 2020 and net income (loss) at €(261.3)m following a €486m goodwill impairment booked in H1 2020

→ Resuming dividend distribution with a proposal to distribute €0.46 per share

→ 2023 ambition: 50 to 100bps market outperformance and adjusted EBITA margin above 6% at constant scope and circa 6.5% including potential portfolio management

 

“Rexel emerges from a very challenging year 2020 as a better company – more robust, agile and confident thanks to strategic measures implemented over the last 4 years.  I would like to thank our employees for their support and hard work as together we restructured the company, deleveraged it, and invested heavily in digital transformation.  Rexel is now harvesting the fruits of these efforts. The Group faces a persistently uncertain environment with cautious optimism, strengthened by its continuous transformation and proven ability to adapt to varied market conditions. The 2021 and mid-term ambitions we are unveiling today confirm our confidence in our ability to structurally outperform the growing and increasingly attractive electrical distribution market, fueled by structural trends such as Active Energy Efficiency, CO2 reduction and ’green energy’.  Leveraging the steady ramp-up in digital transformation, we target reaching an adjusted EBITA margin above 6% in 2023, at constant scope.”

Patrick BERARD, Chief Executive Officer of Rexel

 


Document to download

Manage your alerts: sign up for email alerts

[mc4wp_form id="5902"]

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

Press Relations
Thomas KAMM
tkamm@brunswickgroup.com
+33 (0)1 53 96 83 83