Despite a resilient performance in Europe, Rexel’s same-day sales dropped 4.2% yoy in Q3 FY20 (vs Q2 FY20: -17.7% yoy), as the group’s North American business continued to struggle due to high exposure to the severely-hit commercial and industrial sectors in the region. Amidst sustained uncertainties around the COVID-19 pandemic and Brexit, the management refrained from issuing guidance for the full-year.
04 Nov 2020
Better Q3 FY20, but uncertainties lie ahead
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Better Q3 FY20, but uncertainties lie ahead
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
04 Nov 2020 -
Author:
Mohit Rathi -
Pages:
3
Despite a resilient performance in Europe, Rexel’s same-day sales dropped 4.2% yoy in Q3 FY20 (vs Q2 FY20: -17.7% yoy), as the group’s North American business continued to struggle due to high exposure to the severely-hit commercial and industrial sectors in the region. Amidst sustained uncertainties around the COVID-19 pandemic and Brexit, the management refrained from issuing guidance for the full-year.