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Rexel SA >
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Soft Q1; responding quickly to the COVID-19 crisis

  • 24 Apr 2020

Soft Q1; responding quickly to the COVID-19 crisis


Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m


  • AlphaValue
    • Mohit Rathi

    • 3 pages

Electrical and Electronic Equipment image


 
Electrical and Electronic Equipment image


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.


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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
  • AlphaValue


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.



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