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Provider: Reuters Investment Profile

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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%. 

Company Quote

-0.135 -0.84%
11:35am EDT