Despite low top-line growth in FY19 (although within the company’s previous guidance), Rexel continued to improve the profitability, FCF generation and indebtedness. Moving forward, priorities are likely to be the same, as overall market conditions remains challenging, especially for industrial activity across the US, Germany and China. Our positive stance is likely to be maintained.
13 Feb 2020
Good progress in FY19 profitability; priority remains the same for FY20
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Good progress in FY19 profitability; priority remains the same for FY20
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
13 Feb 2020 -
Author:
Mohit Rathi -
Pages:
3
Despite low top-line growth in FY19 (although within the company’s previous guidance), Rexel continued to improve the profitability, FCF generation and indebtedness. Moving forward, priorities are likely to be the same, as overall market conditions remains challenging, especially for industrial activity across the US, Germany and China. Our positive stance is likely to be maintained.