Continuing macro-economic headwinds in O&G markets and the slowdown in France led the company to revise downwards its full-year guidance. FY15 organic sales is now expected to witness a fall of 2-3% (vs. our earlier estimate of -3.4%) compared with the previous guidance of at most -2%. The new guidance for the EBITA margin is 4.3-4.5% (vs. our estimate of 4.7%) vs. 4.8% in the previous management outlook. Q3 15 sales are reported to be witnessing a decline of 3.5% organically (constant an
09 Oct 2015
Profit warning; longer wait before a recovery
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Profit warning; longer wait before a recovery
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
09 Oct 2015 -
Author:
Vibha Issar -
Pages:
2
Continuing macro-economic headwinds in O&G markets and the slowdown in France led the company to revise downwards its full-year guidance. FY15 organic sales is now expected to witness a fall of 2-3% (vs. our earlier estimate of -3.4%) compared with the previous guidance of at most -2%. The new guidance for the EBITA margin is 4.3-4.5% (vs. our estimate of 4.7%) vs. 4.8% in the previous management outlook. Q3 15 sales are reported to be witnessing a decline of 3.5% organically (constant an