In the Coronavirus-infected Q1 FY20, Rexel’s top-line dropped by a low single-digit. But, the performance is likely to deteriorate in Q2 FY20, as numerous countries continue to follow containment measures for most of the period. However, the multi-channel distributor is well-positioned to sail through the crisis, on the back of adequate liquidity and timely taken cost-cutting and cash-preserving actions.
24 Apr 2020
Soft Q1; responding quickly to the COVID-19 crisis
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Soft Q1; responding quickly to the COVID-19 crisis
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
24 Apr 2020 -
Author:
Mohit Rathi -
Pages:
3
In the Coronavirus-infected Q1 FY20, Rexel’s top-line dropped by a low single-digit. But, the performance is likely to deteriorate in Q2 FY20, as numerous countries continue to follow containment measures for most of the period. However, the multi-channel distributor is well-positioned to sail through the crisis, on the back of adequate liquidity and timely taken cost-cutting and cash-preserving actions.