Rexel reported its Q1 sales update ahead of street expectations as the group returned to positive top-line growth, building on the momentum in recovery in H2 FY2020. The company’s performance was better than pre-COVID-19 levels for the first time in most regions. We expect the positive growth momentum to be maintained in the near term, due to the healthy demand for electrical products and soft comparables.
26 Apr 2021
Rexel returns to positive revenue growth
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Rexel returns to positive revenue growth
Rexel reported its Q1 sales update ahead of street expectations as the group returned to positive top-line growth, building on the momentum in recovery in H2 FY2020. The company’s performance was better than pre-COVID-19 levels for the first time in most regions. We expect the positive growth momentum to be maintained in the near term, due to the healthy demand for electrical products and soft comparables.