The company reported its Q2 results which were ahead of our expectations. North America remained in the driver’s seat, with both APAC and Europe extending the support to the top-line momentum. The company-wide turnaround plan has started yielding returns but we expect more in the coming quarters. Management has reduced its disposal target but has kept revenue and adjusted EBITA outlook unchanged. We have tweaked our estimates slightly. No change in the stock recommendation.
30 Aug 2018
Q2 FY18 – benefiting from the turnaround plan
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Q2 FY18 – benefiting from the turnaround plan
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
30 Aug 2018 -
Author:
Ankush Kathuria -
Pages:
3
The company reported its Q2 results which were ahead of our expectations. North America remained in the driver’s seat, with both APAC and Europe extending the support to the top-line momentum. The company-wide turnaround plan has started yielding returns but we expect more in the coming quarters. Management has reduced its disposal target but has kept revenue and adjusted EBITA outlook unchanged. We have tweaked our estimates slightly. No change in the stock recommendation.