During Q3 FY19, Rexel witnessed a sequential slowdown in its top-line growth – soft industrial activity in markets like the US, Germany and China being the key culprit. While management anticipates trading headwinds in the near term, the FY19 financial guidance has been maintained (includes 5-7% increase in adjusted EBITA). No material change in our estimates.
18 Oct 2019
Despite the challenging environment, full-year guidance maintained
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Despite the challenging environment, full-year guidance maintained
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
18 Oct 2019 -
Author:
Mohit Rathi -
Pages:
3
During Q3 FY19, Rexel witnessed a sequential slowdown in its top-line growth – soft industrial activity in markets like the US, Germany and China being the key culprit. While management anticipates trading headwinds in the near term, the FY19 financial guidance has been maintained (includes 5-7% increase in adjusted EBITA). No material change in our estimates.