Rexel’s Q1 FY19 results surprised the market with its sustained strong performance in North America, and a recovery in the European business. Management remains confident about healthy business activity in the rest of the year and has reiterated its full-year financial guidance. No significant change in our target price and stock recommendation.
01 May 2019
A strong start to the year
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A strong start to the year
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
01 May 2019 -
Author:
Mohit Rathi -
Pages:
3
Rexel’s Q1 FY19 results surprised the market with its sustained strong performance in North America, and a recovery in the European business. Management remains confident about healthy business activity in the rest of the year and has reiterated its full-year financial guidance. No significant change in our target price and stock recommendation.