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Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

11.52EUR
18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Rexel Q2 Recurring Net Income Up 28% To 91.5 Million Euros
Tuesday, 31 Jul 2018 

July 31 (Reuters) - REXEL SA ::Q2 SALES EUR 3.37 BILLION, UP 5.1 PERCENT, ON A CONSTANT AND SAME-DAY BASIS.Q2 ADJUSTED EBITA EUR 161.0 MILLION, UP 10.2 PERCENT.FULL-YEAR TARGETS CONFIRMED.UPDATE ON DISPOSAL PROGRAM: WE HAVE REVISED THE FIGURE OF SALES TO BE DISPOSED TO EUR 650 MILLION FROM EUR 800 MILLION.CURRENTLY, WE HAVE DISPOSED OF €530 MILLION IN SALES.EXPECTS THE REMAINING DISPOSALS OR DOWNSIZINGS FOR €120 MILLION OF SALES TO BE COMPLETED BY MID-2019..CONFIRM THAT THE DISPOSAL PLAN WILL HAVE A POSITIVE IMPACT ON ADJUSTED EBITA MARGIN OF 25BPS (COMPARED TO FY 2016), ONCE COMPLETED.Q2 RECURRING NET INCOME UP 28% TO EUR 91.5 MILLION.  Full Article

Rexel Announces Workforce Reduction In Germany And Signs Cooperation Agreement With Siemens
Friday, 8 Jun 2018 

June 8 (Reuters) - Rexel ::REG-REXEL GERMANY ACCELERATES ITS TRANSFORMATION AND SIGNS A COOPERATION AGREEMENT WITH SIEMENS.MEASURES INCLUDE CLOSURE OF 17 SALES OFFICES, RATIONALIZATION OF LOGISTICS ORGANIZATION AND WORKFORCE REDUCTION.MEASURES ARE PART OF REXEL GROUP’S EFFORTS TO ENHANCE THE EFFICIENCY OF ITS BUSINESSES IN EUROPE.SIGNATURE OF AGREEMENT WITH SIEMENS TO DEVELOP JOINT INITIATIVES.INDUSTRIAL SOLUTIONS WILL BECOME A MEMBER OF THE GLOBAL USER ORGANIZATION MINDSPHERE WORLD.REXEL WILL COLLABORATE WITH SIEMENS IN ADDITIVE MANUFACTURING.REXEL WILL SUPPORTPRINCIPLES OF THE “CHARTER OF TRUST” CYBERSECURITY INITIATIVE INITIATED BY SIEMENS.  Full Article

Rexel Confirms Financial Targets For Full Year
Friday, 27 Apr 2018 

April 27 (Reuters) - REXEL SA ::Q1 RECURRING NET INCOME EUR ‍​68.2 MILLION, UP 0.1 PERCENT YOY.Q1 ADJUSTED EBITA EUR ‍​127.2 MILLION, DOWN 4.8 PERCENT YOY.Q1 SALES EUR ‍​3.18 BILLION, UP 3.9 YOY ON A CONSTANT AND SAME-DAY BASIS.IN Q1 FREE CASH FLOW BEFORE INTEREST AND TAX WAS AN OUTFLOW OF EUR 119.2 MILLION.CONFIRMS FINANCIAL TARGETS FOR THE FULL YEAR.  Full Article

Rexel Proposes Dividend Of 0.42 Euro Per Share
Thursday, 5 Apr 2018 

April 5 (Reuters) - REXEL SA ::HAS DECIDED TO SUBMIT TO REXEL'S SHAREHOLDERS' MEETING PAYMENT OF A DIVIDEND OF EUR 0.42 PER SHARE..EX-DATE IS JULY 4, 2018; PAYMENT OF DIVIDEND WILL BE MADE ON JULY 6.  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

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

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 says France not impacted by company's asset-sale plan
Monday, 13 Feb 2017 

Rexel : CEO says France is not on the list of countries concerned by Rexel's asset-sale plan Further company coverage: [RXL.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

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Deal-making spree keeps investors upbeat about European M&A revival

MILAN The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region.