Rexel posted robust Q4 results ahead of our as well as market estimates. The company’s ongoing top-line momentum was once again supported by each of its three operating geographies. Despite favourable macro-economic tailwinds in major operating regions, Rexel’s ongoing efforts to finalise the fine print of an already stated broader strategy seems to be rightly placed. We will be revising our estimates slightly upwards. Our recommendation on the stock remains unchanged.
16 Feb 2018
Robust Q4 results backed by growth across the board
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Robust Q4 results backed by growth across the board
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
16 Feb 2018 -
Author:
Ankush Kathuria -
Pages:
4
Rexel posted robust Q4 results ahead of our as well as market estimates. The company’s ongoing top-line momentum was once again supported by each of its three operating geographies. Despite favourable macro-economic tailwinds in major operating regions, Rexel’s ongoing efforts to finalise the fine print of an already stated broader strategy seems to be rightly placed. We will be revising our estimates slightly upwards. Our recommendation on the stock remains unchanged.