Rexel’s top-line growth moderated sequentially in Q2, largely due to the weak performance in Europe. Profitability also remained under pressure amidst cost inflation. However, management expects an improvement in H2 19 EBITA growth and, hence, has maintained the full-year guidance. We will incorporate a more cautious view in our estimates.
31 Jul 2019
Macro uncertainties eclipse the ongoing operational efficiencies
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Macro uncertainties eclipse the ongoing operational efficiencies
Rexel SA (RXL:PAR) | 0 0 (-0.6%) | Mkt Cap: 4,449m
- Published:
31 Jul 2019 -
Author:
Mohit Rathi -
Pages:
3
Rexel’s top-line growth moderated sequentially in Q2, largely due to the weak performance in Europe. Profitability also remained under pressure amidst cost inflation. However, management expects an improvement in H2 19 EBITA growth and, hence, has maintained the full-year guidance. We will incorporate a more cautious view in our estimates.