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Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rexel Launches 600 Million Euros Notes Offering
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - REXEL SA ::REG-REXEL LAUNCHES €600 MILLION NOTES OFFERING.INTENDS TO OFFER EUR 600 MILLION OF SENIOR UNSECURED NOTES DUE 2026.EXPECTS TO REDEEM 2023 NOTES ON OR ABOUT MARCH 19, 2019.CAN ELECT NOT TO REDEEM 2023 NOTES IF IT DOES NOT ISSUE ALL NOTES OR IF THERE IS A MATERIAL ADVERSE CHANGE IN FINANCIAL MARKETS.ISSUANCE WILL ALLOW REXEL TO ENHANCE ITS FINANCIAL STRUCTURE BY EXTENDING ITS DEBT MATURITY PROFILE AND REDUCING ITS OVERALL COST OF FINANCING.NOTES WILL BE OFFERED EXCLUSIVELY TO INVESTORS OUTSIDE UNITED STATES.NOTES ARE EXPECTED TO BE LISTED ON LUXEMBOURG STOCK EXCHANGE.  Full Article

Rexel FY Adjusted EBITDA Grows To 608.3 Million Euros
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - REXEL SA ::FULL-YEAR 2018 TARGETS ACHIEVED.FY ADJUSTED EBITA OF €608.3M, UP 6.1%.NET INCOME UP 45.6% IN FY 2018 AND RECURRING NET INCOME UP 12.8%..SALES OF €3.497BN IN Q4.FY INDEBTEDNESS RATIO OF 2.67X, IMPROVING BY 17BPS.INCREASE IN PROPOSED DIVIDEND TO €0.44 PER SHARE, PAYABLE IN CASH.ADJUSTED EBITA MARGIN AT 5.0% IN Q4, UP 27BPS.RECURRING NET INCOME UP 12.8% AT €328.1 MILLION IN FY 2018.WE TARGET FOR 2019, AT COMPARABLE SCOPE OF CONSOLIDATION AND EXCHANGE RATES, A 5% TO 7% INCREASE IN ADJUSTED EBITA.WE TARGET FOR 2019, AT COMPARABLE SCOPE OF CONSOLIDATION AND EXCHANGE RATES, FURTHER IMPROVEMENT OF THE INDEBTEDNESS RATIO.  Full Article

Rexel Decides Not To Renew Its Contract With Fitch Ratings
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Rexel SA ::REXEL DECIDES NOT TO RENEW ITS CONTRACT WITH FITCH RATINGS.GROUP WILL REMAIN RATED BY MOODY'S AND STANDARD AND POOR'S.  Full Article

Rexel FY Adjusted EBITA 580.1 Million Euros, Up 6.1 Percent YOY
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - REXEL ::FY ADJUSTED EBITA EUR 580.1 ‍​MILLION, UP 6.1 PERCENT YOY.FY SALES EUR 13.31 BILLION, UP 3.5 PERCENT ON A CONSTANT AND SAME DAY BASIS.FY NET INCOME EUR 104.9 MILLION, DOWN 21.9 PERCENT YOY.INCREASE IN PROPOSED DIVIDEND TO EUR 0.42 PER SHARE, PAYABLE IN CASH.FOR FY 2018 TARGETS SALES UP IN THE LOW SINGLE DIGITS.FOR FY 2018 TARGETS MID- TO HIGH-SINGLE-DIGIT INCREASE IN ADJUSTED EBITA.FOR FY 2018 TARGETS FURTHER IMPROVEMENT OF INDEBTEDNESS RATIO (NET DEBT-TO-EBITDA).  Full Article

Rexel sells southeast Asia operations to private equity firm American Industrial Acquisition Corporation
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Rexel ::* Rexel announces sale of its operations in South East Asia to American Industrial Acquisition Corporation Group (AIAC), a private equity firm focusing on investment in the industrial sector. .* Transaction includes the following seven South-East Asian countries in which Rexel was present: Thailand, Indonesia, Singapore, Vietnam, the Philippines, Macau, and Malaysia.* Deal should lead to reduction of c. 800 million euros of sales.* Deal should have positive contribution of c. 25bps to the Group's consolidated adjusted EBITA margin.* Transaction should result in an estimated pre-tax loss of about 60 million euros but also improve Rexel's leverage ratio.  Full Article

Rexel completes bond issue of 500 million euros‍​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - REXEL ::COMPLETES BOND ISSUE OF EUR 500 MLN‍​.  Full Article

Rexel launches 500 million euros notes offering
Monday, 6 Nov 2017 

Nov 6 (Reuters) - REXEL ::REXEL LAUNCHES €500 MILLION NOTES OFFERING‍​.SENIOR UNSECURED NOTES DUE 2025.THE NOTES ARE CALLABLE AT REXEL’S DISCRETION AS FROM DECEMBER 2020.THE NOTES WILL RANK PARI PASSU WITH REXEL’S SENIOR CREDIT FACILITY AND OTHER SENIOR UNSECURED NOTES.THE NOTES WILL BE OFFERED EXCLUSIVELY TO INVESTORS OUTSIDE THE UNITED STATES.NOTES TO BE LISTED ON THE LUXEMBOURG STOCK EXCHANGE (EURO MTF).CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, HSBC BANK PLC AND SOCIÉTÉ GÉNÉRALE TO ACT AS JOINT GLOBAL COORDINATORS AND JOINT LEAD BOOKRUNNERS.BARCLAYS BANK PLC, CRÉDIT INDUSTRIEL ET COMMERCIAL S.A., ING BANK N.V., LONDON BRANCH AND NATIXIS TO ACT AS JOINT BOOKRUNNERS FOR NOTES OFFERING.BAYERISCHE LANDESBANK AND WELLS FARGO SECURITIES INTERNATIONAL LIMITED TO ACT AS CO-LEAD MANAGERS.  Full Article

BRIEF-Rexel sees FY EBITA at low end of guidance; Q3 revenue up 5.2 pct
Friday, 27 Oct 2017 

Corrects headline to say "EBITA" not "EBITDA".:Q3 REVENUE EUR ‍​3.24 BILLION, UP 5.2 PERCENT ON CONSTANT AND SAME-DAY BASIS.Q3 RECURRING NET PROFIT EUR 68.8‍​ MILLION, UP 28.8 PERCENT.Q3 ADJUSTED EBITA EUR ‍​135.8 MILLION, UP 8.5 PERCENT.ALL 3 FY FINANCIAL TARGETS CONFIRMED, WITH ADJUSTED EBITA INCREASE AT LOW END OF FEB. GUIDANCE.SAYS Q3 UK SALES DROPPED BY 2.4% IN CHALLENGING ENVIRONMENT RELATED TO UNCERTAINTY AROUND BREXIT.SAYS Q3 US SALES WERE UP 4.3% ON SAME-DAY BASIS, DESPITE NEGATIVE 1.2% EFFECT FROM HURRICANES IRMA AND HARVEY.  Full Article

Rexel sees FY EBITDA at low end of guidance; Q3 revenue up 5.2 pct
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Rexel ::Q3 REVENUE EUR ‍​3.24 BILLION, UP 5.2 PERCENT ON CONSTANT AND SAME-DAY BASIS.Q3 RECURRING NET PROFIT EUR 68.8‍​ MILLION, UP 28.8 PERCENT.Q3 ADJUSTED EBITA EUR ‍​135.8 MILLION, UP 8.5 PERCENT.ALL 3 FY FINANCIAL TARGETS CONFIRMED, WITH ADJUSTED EBITA INCREASE AT LOW END OF FEB. GUIDANCE.SAYS Q3 UK SALES DROPPED BY 2.4% IN CHALLENGING ENVIRONMENT RELATED TO UNCERTAINTY AROUND BREXIT.SAYS Q3 US SALES WERE UP 4.3% ON SAME-DAY BASIS, DESPITE NEGATIVE 1.2% EFFECT FROM HURRICANES IRMA AND HARVEY.  Full Article

Rexel reports H1 net income slightly increased to 96.4 million euros
Monday, 31 Jul 2017 

July 31 (Reuters) - Rexel ::SALES OF EUR 6.67 BILLION IN H1, UP 2.4% ON A REPORTED BASIS.ADJUSTED EBITA AT EUR 284.9 MILLION IN H1, UP 3.6% YEAR-ON-YEAR.FULL-YEAR FINANCIAL TARGETS CONFIRMED.H1 NET INCOME EUR 96.4 MILLION, UP 0.7%.  Full Article