Rexel reported strong Q1 FY2023 sales figures, 5% ahead of the street’s expectations. The performance was driven by robust contributions from both price and volume as the group benefited from its ability to pass on price increases, as well as demand for its sustainable electrification products. Despite the strong Q1, the management reiterated the full year guidance. The share price reaction thus remained muted (+0.6% at the time of writing). We maintain our cautiously optimistic stance on the st ....
