Investor Day
UPDATE ON STRATEGY & MEDIUM-TERM FINANCIAL TARGETS
AND ANNOUNCEMENT OF TWO BOLT-ON ACQUISITIONS
Rexel, a global leader in the professional distribution of products and services for the energy world, is holding an Investor Day today in Paris, during which it will provide an update on its medium-term strategy and financial targets. In addition, it is announcing two bolt-on acquisitions.
Rudy PROVOOST, Chairman of the Management Board and CEO, said:
“Through the systematic implementation of its “Energy in Motion” plan, Rexel is demonstrating resilience in performance and staying the course in transforming the company for success in a changing energy world. Over the medium-term, we are committed to further strengthening our market position through a combination of organic and external growth, and to increasing our adjusted EBITA margin to a level of around 6.5%. We will continue to generate strong cash-flow in order to maintain an attractive dividend policy and invest in M&A, while maintaining a solid financial structure. By accelerating our strategic high-growth initiatives, capitalizing on our customer-centricity model for mainstream growth, boosting external growth and enhancing operational excellence, we are confident that we are focused on the right drivers for sustained value creation for all stakeholders.”