Rexel reported Q3 FY16 results slightly below our estimates. All the sales growth numbers are at CER and same-day basis unless specified otherwise. The company’s revenue decreased by 3.7% (vs Q2: -2.3%, Q1: -1.4%; our estimate: -2.7%), largely due to the ongoing slump in copper-based cable prices (-0.9% yoy) and sluggish industrial activity in North America (slump in oil & gas prices and stronger dollar). The region clocked a 6.0% revenue decline (vs Q2: -4.2%, Q1: -4.4%; our estima
04 Feb 2017
Rexel at the inflection point
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Rexel at the inflection point
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
04 Feb 2017 -
Author:
Nishant Choudhary -
Pages:
4
Rexel reported Q3 FY16 results slightly below our estimates. All the sales growth numbers are at CER and same-day basis unless specified otherwise. The company’s revenue decreased by 3.7% (vs Q2: -2.3%, Q1: -1.4%; our estimate: -2.7%), largely due to the ongoing slump in copper-based cable prices (-0.9% yoy) and sluggish industrial activity in North America (slump in oil & gas prices and stronger dollar). The region clocked a 6.0% revenue decline (vs Q2: -4.2%, Q1: -4.4%; our estima