Key Developments: Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

15.66EUR
22 Jul 2014
Price Change (% chg)

€0.16 (+1.03%)
Prev Close
€15.50
Open
€15.55
Day's High
€15.78
Day's Low
€15.51
Volume
897,830
Avg. Vol
676,566
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€20.55
52-wk Low
€15.30

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Latest Key Developments (Source: Significant Developments)

Rexel to distribute FY 2013 dividend
Tuesday, 27 May 2014 08:00pm EDT 

Rexel SA:Decides to pay FY 2013 optional dividend in cash or shares.Dividend amount 0.75 euro gross per share.Ex-dividend date June 2.Record date May 30.Option period from June 2 up to June 23 inclusive.Payment date July 2.Issue price 15.78 euros per share.Centralizing agent BNP PARIBAS SECURITIES SERVICES.Listing of new shares July 2.  Full Article

Rexel appoints chairman and CEO
Thursday, 22 May 2014 08:00pm EDT 

Rexel SA:Appoints Rudy Provoost as Chairman and CEO of Rexel Group.Rudy Provoost previously appointed as Chairman of Management Board in Feb. 2012.  Full Article

Rexel confirms FY 2014 financial guidance; acquires AMP Ingenieros in Peru
Wednesday, 30 Apr 2014 01:30am EDT 

Rexel SA:Confirms FY 2014 guidance of sales in range of around 1 pct below to around 2 pct above FY 2013 sales.Confirms target of FY 2014 adjusted EBITA margin in a range of around 10bps below to around 20bps above FY 2013 margin.FY 2013 revenue 13.012 billion euros.FY 2014 revenue 13.074 billion euros - Thomson Reuters I/B/E/S Estimates.Acquires AMP Ingenieros in Peru.AMP Ingenieros distributes international branded electrical supplies, panel building and engineering services.  Full Article

Rexel SA issues FY 2014 financial guidance; proposes FY 2013 dividend
Thursday, 13 Feb 2014 01:17am EST 

Rexel SA:Sees FY 2014 sales in a range of around 1 percent below to around 2 percent above FY 2013 sales.Sees FY 2014 adjusted EBITA margin in a range of around 10bps below to around 20bps above the FY 2013 margin.Confirms target of growing its adjusted EBITA margin to around 6.5% within 3 to 5 years.FY 2013 sales 13,011.6 million euros.FY 2014 sales 13,371 million euros - Thomson Reuters I/B/E/S Estimates.Proposes stable dividend of 0.75 euros per share, representing 64 percent of the Group's recurring net income (vs 53 percent last year).Says the dividend will be paid in cash or shares.  Full Article

Eurazeo SA's Ray Investment cuts stake in Rexel SA further-Reuters
Monday, 16 Dec 2013 07:00pm EST 

Rexel SA:Ray Investment, controlled by Clayton, Dubilier & Rice, Eurazeo SA, Bank of America Corp (Bank of America Merrill Lynch) and the Caisse des Depots et Consignations du Quebec, said it sold a further 7 percent stake in Rexel SA-Reuters.The move will see Bank of America Merrill Lynch exit Ray Investment and it will no longer be an indirect shareholder of Rexel.The sale of the 20 million shares was completed at 17.9 euros each indicating a deal value of 358 million euros ($492 million).Ray Investment will retain about 16.5 percent of Rexel.Bank of America Merrill Lynch's exit will see Eurazeo hold 55 percent of Ray Investment, with Clayton, Dubilier & Rice holding 35 percent, and Caisse des Depots et Consignations du Quebec the rest.  Full Article

Rexel SA acquires Lenn international
Tuesday, 26 Nov 2013 11:45am EST 

Rexel SA:Says it has acquired Lenn international, a Singapour-based cable distributor, specialized in offshore oil and gas market.No further acquisition details were provided.  Full Article

Rexel SA updates on acquisitions
Tuesday, 26 Nov 2013 01:31am EST 

Rexel SA:Says it acquired Platt and Munro in the United States.Says it acquired QT Lighting, an electrical distributor in Thailand.Says the QT Lighting transaction, subject to customary conditions, should close on Nov. 29.Says acquired Esabora, a French company editing advanced software tools for electrical contractors and installers.Says Esabora transaction should close in Jan. 2014.  Full Article

Rexel SA Confirms FY 2013 Revenue, EBITA Margin and Free Cash-flow Guidance
Thursday, 31 Oct 2013 02:31am EDT 

Rexel SA announced that it confirms its previously issued guidance of reporting for fiscal year 2013 a 2% to 3% decrease in organic sales, an adjusted EBITA margin of between 5.5% and 5.6% and a free cash-flow of more than EUR 600 million before interest and tax, corresponding to approximately EUR 300 million after interest and tax. The Company reported for fiscal year 2012 sales of EUR 13,449.20 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 sales of EUR 13,256.77 million, what reflects a decrease of 1.43%.  Full Article

Eurazeo SA's Ray Investment s.a.r.l. Sells 28,800,000 Shares of Rexel SA
Wednesday, 7 Aug 2013 06:39am EDT 

Eurazeo SA announced that its subsidiary Ray Investment s.a.r.l. sold 28,800,000 shares of Rexel SA, representing approximately 10% of the share capital of Rexel SA, at a price of EUR 18.25 per share, for a total amount of approximately EUR 525,000,000, by way of an accelerated book building to institutional investors. Eurazeo SA's share of the proceeds of the Rexel SA share sale is approximately EUR 100,000,000.  Full Article

Rexel SA Updates FY 2013 Revenue Guidance Below Analysts' Estimates; Issues EBITA Margin and Free Cash-Flow Guidance for FY 2013
Friday, 26 Jul 2013 01:31am EDT 

Rexel SA announced that, considering that market conditions and assuming no rebound in copper prices in the second half of the fiscal year 2013, it expects to report a 2% to 3% decrease in organic sales for the full year 2013, an adjusted EBITA margin for the full year 2013 of between 5.5% and 5.6% and free cash-flow of more than EUR 600 million before interest and tax, corresponding to approximately EUR300 million after interest and tax. The Company reported for fiscal year 2012 sales of EUR 13,449.20 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 sales of EUR 13,592.55 million, what reflects a growth of 1.07%.  Full Article

BRIEF-Eurazeo says proceeds from Rexel stake sale 105 mln eur

PARIS, April 3 - Eurazeo SA : * Says proceeds from Rexel SA stake sale 105 million euros

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