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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

Second-Quarter and Half-Year 2018 Results


Sales growth for the 7th consecutive quarter, same-day sales up 5.1%

Adjusted EBITA up +10.2% in Q2 18

Full-Year financial targets confirmed

 

→ SALES OF €3.374bn IN Q2, UP IN EVERY GEOGRAPHY

  • On a constant and same-day basis, sales up 5.1%, of which:
    • Europe: +4.0%, with a positive trend in our key countries, excluding the UK
    • North America: +6.5%, supported by both the US and Canada
    • Asia-Pacific: +6.3%, benefiting from strong sales growth across most Asian countries
  • Organic actual-day growth of 5.7%, including +0.6% from calendar and +0.7% from copper
  • Reported sales growth up 1.0%, including unfavorable currency (3.6%) and scope (0.9%) effects

→ ADJUSTED EBITA UP A STRONG 10.2% IN Q2 18 WITH MARGIN UP 20bps YEAR-ON-YEAR AT 4.8%

  • Stable gross margin at 24.6%,
  • EBITA margin up 20bps, mainly driven by North America

→ NET INCOME UP 19.6% IN Q2 18 INCLUDING RESTRUCTURING COSTS OF €52.7m, MAINLY IN GERMANY AND SPAIN

→ RECURRING NET INCOME UP 28% TO €91.5m IN Q2 18

→ POSITIVE FREE CASH FLOW BEFORE INTEREST AND TAX OF €17.8m IN H1 18

→ FULL-YEAR TARGETS CONFIRMED

 

Our first half results are further proof that the key elements of the strategic plan announced in February 2017 are delivering improved results and are making us commercially stronger in major markets.

We are accelerating our digital transformation, both in our offer and our customer relationship. At the same time, we are addressing Rexel’s few remaining pockets of underperformance.

The first half gives us confidence in further improvement over the year, as well as in the medium-term. We confirm our financial targets for the full year, as announced in February 2018.”

Patrick BERARD, Chief Executive Officer of Rexel


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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