Rexel SA (RXL.PA) Key Developments | Reuters.com
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Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Rexel adopts new governance structure
Friday, 24 Jun 2016 02:00am EDT 

Rexel SA : Rudy Provoost stepping down as chairman and Chief Executive Officer as of June 30, 2016 . François Henrot appointed chairman of board of directors on an interim basis effective July 1, 2016 .Patrick Berard to become Chief Executive Officer, effective July 1, 2016.  Full Article

Rexel places 650 million euros of notes
Tuesday, 3 May 2016 08:00pm EDT 

Rexel SA:Successfully places 650 million euros of its 3.50 pct unsecured senior notes due 2023.Delivery, settlement and listing of notes on Euro MTF market of Luxembourg Stock Exchange are expected to occur on or about May 18, 2016.Notes, which mature on June 15, 2023, will be callable as from June 2019.  Full Article

Rexel launches 500 million euro notes offering
Tuesday, 3 May 2016 08:00pm EDT 

Rexel SA:Launches EUR 500 million notes offering.Notes, callable at Rexel's discretion as from June 2019, will rank pari passu with Rexel's senior credit facility and other senior unsecured notes.Proceeds of the issuance of the notes will be used to redeem all or part of the Rexel's 5.125% senior notes issued on April 3, 2013 due June 2020.Rexel will redeem the 2020 notes at a price of 103.844%, plus accrued and unpaid interest.  Full Article

Rexel confirms FY 2016 guidance
Friday, 29 Apr 2016 01:30am EDT 

Rexel SA:Confirms FY 2016 objectives.  Full Article

Rexel gives FY 2016-2020 guidance
Thursday, 11 Feb 2016 02:20am EST 

Rexel SA:Says ‍over 2016-2020 period it aims to grow sales faster than the market.Sees ‍over 2016-2020 an average annual organic sales growth of between 1 percent and 2 percent.Sees 2016-2020 conversion rates of EBITDA into free cash-flow of between 70 percent and 80 percent before interest and tax, between 35 percent and 45 percent after interest and tax.Sees ‍over 2016-2020 growing adjusted EBITA at least twice as fast as sales growth.Intends to accelerate its M&A strategy through targeted accretive acquisitions with a budget of around 1.5 billion euros over 2016-2020 period.Says ‍this level of investment could generate cumulated additional sales of over 2 billion euros.  Full Article

Rexel proposes FY dividend of EUR 0.40/share
Thursday, 11 Feb 2016 01:30am EST 

Rexel SA:Will propose full year dividend of 0.40 euro per share, to be paid fully in cash.  Full Article

Rexel ‍acquires Brohl & Appell​
Wednesday, 3 Feb 2016 12:00pm EST 

Rexel SA:Acquires Brohl & Appell​.‍Transaction, subject to customary conditions, should close in late February 2016​.Says ‍Brohl & Appell is US specialist in industrial automation and MRO services, based in Ohio.  Full Article

Rexel sells activities in Poland, Slovakia and the Baltics
Wednesday, 20 Jan 2016 02:50am EST 

Rexel SA:Continues its disposal program with the sale of its activities in Poland, Slovakia and the Baltics‍.Ttransaction announced represents an enterprise value of about 10 million euros and should generate an estimated loss of around 27 million euros before tax.Operations whose sale is announced today contributed to consolidated sales of Rexel in 2015 for 153 million​ euros.With divestment announced today, it has already completed about 60 pct of disposal program announced on Feb. 12, 2015​.C‍ompletion of this transaction remains subject to approval of relevant competition authorities.  Full Article

Rexel announces acquisition of Sofinther
Tuesday, 13 Oct 2015 12:00pm EDT 

Rexel SA:Acquires Sofinther, a distribution company specializing in thermal, heating and control solutions.Acquisition should be completed by beginning of 2016.Sofinther is a Nantes-based company involved in the collective housing, commercial buildings and industrial sectors.  Full Article

Rexel adjusts FY 2015 targets downwards
Wednesday, 7 Oct 2015 01:31am EDT 

Rexel SA:Says now expects to post a drop in sales on a constant and same-day basis of between 2 and 3 percent in full-year (compared to guidance given on July 29 of an organic decline of a maximum of 2 percent on a constant and same-day basis).Should generate an adjusted EBITA margin in FY of between 4.3 and 4.5 percent (compared to guidance given on July 29 of an adjusted EBITA margin of at least 4.8 percent).Confirms its ability to generate structurally, as well as in 2015, solid cash-flow of: at least 75 percent of EBITDA before interest and tax.Confirms its ability to generate structurally, as well as in 2015, solid cash-flow of: about 40 percent after interest and tax.Sales in Q3 reflected deterioration of macro-economic environment.Sales in Q3 estimated drop of around 3.5 percent on a constant and same-day basis.  Full Article