Rexel delivered a better-than-expected Q4 and FY2020 results today. The company registered a sales recovery in all geographies, clocking a decline of just 0.7% yoy in Q4. Profitability was down but ahead of market expectations. Rexel resumed dividends with the announcement of €0.46 per share. The company has announced a promising but aggressive medium-term outlook. More details after the Strategy Update later this afternoon.
11 Feb 2021
First read: strong closure to FY20, clubbed with a promising outlook
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First read: strong closure to FY20, clubbed with a promising outlook
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
11 Feb 2021 -
Author:
Vansh Mehta -
Pages:
2
Rexel delivered a better-than-expected Q4 and FY2020 results today. The company registered a sales recovery in all geographies, clocking a decline of just 0.7% yoy in Q4. Profitability was down but ahead of market expectations. Rexel resumed dividends with the announcement of €0.46 per share. The company has announced a promising but aggressive medium-term outlook. More details after the Strategy Update later this afternoon.