Rexel reported Q4 and FY16 results slightly ahead of our estimates. All the sales growth numbers are at CER and same-day basis unless specified otherwise. In Q4, the company’s revenue growth remained flat (vs Q3: -3.7% yoy) and registered a sequential improvement in all three regions. Europe returned to positive growth territory (Q4: +1.7%, Q3: -1.6%, Q2: -0.9%; 54% of group sales), on the back of strong construction activity in France, Scandinavia and Germany; jointly contributing c.50
17 Apr 2017
Good Q4 results; turnaround plan to fuel the growth
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Good Q4 results; turnaround plan to fuel the growth
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
17 Apr 2017 -
Author:
Nishant Choudhary -
Pages:
4
Rexel reported Q4 and FY16 results slightly ahead of our estimates. All the sales growth numbers are at CER and same-day basis unless specified otherwise. In Q4, the company’s revenue growth remained flat (vs Q3: -3.7% yoy) and registered a sequential improvement in all three regions. Europe returned to positive growth territory (Q4: +1.7%, Q3: -1.6%, Q2: -0.9%; 54% of group sales), on the back of strong construction activity in France, Scandinavia and Germany; jointly contributing c.50