Rexel reported Q3 FY17 results ahead of our estimates (sales were higher but profitability was in line). All numbers are at constant currency and on a same day basis unless specified otherwise. Revenue increased by 5.2% (vs Q2: +2.8%, Q1: +0.6% and Q3 FY16: -3.7%) with a robust performance across all operating geographies. Europe grew by 6.5% (vs. Q2: +3.6% and Q1: +1.2%; c.54% of group revenue), largely led by continued strong consumer demand in France (+9.1% yoy; 35% of regional revenue). W
06 Dec 2017
Heading in the right direction
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Heading in the right direction
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
06 Dec 2017 -
Author:
Ankush Kathuria -
Pages:
3
Rexel reported Q3 FY17 results ahead of our estimates (sales were higher but profitability was in line). All numbers are at constant currency and on a same day basis unless specified otherwise. Revenue increased by 5.2% (vs Q2: +2.8%, Q1: +0.6% and Q3 FY16: -3.7%) with a robust performance across all operating geographies. Europe grew by 6.5% (vs. Q2: +3.6% and Q1: +1.2%; c.54% of group revenue), largely led by continued strong consumer demand in France (+9.1% yoy; 35% of regional revenue). W