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CORRECTED-BRIEF-Rexel sees FY EBITA at low end of guidance; Q3 revenue up 5.2 pct
October 27, 2017 / 5:52 AM / a month ago

CORRECTED-BRIEF-Rexel sees FY EBITA at low end of guidance; Q3 revenue up 5.2 pct

(Corrects headline to say “EBITA” not “EBITDA”.)

Oct 27 (Reuters) - REXEL:

* Q3 REVENUE EUR ‍​3.24 BILLION, UP 5.2 PERCENT ON CONSTANT AND SAME-DAY BASIS

* Q3 RECURRING NET PROFIT EUR 68.8‍​ MILLION, UP 28.8 PERCENT

* Q3 ADJUSTED EBITA EUR ‍​135.8 MILLION, UP 8.5 PERCENT

* ALL 3 FY FINANCIAL TARGETS CONFIRMED, WITH ADJUSTED EBITA INCREASE AT LOW END OF FEB. GUIDANCE

* SAYS Q3 UK SALES DROPPED BY 2.4% IN CHALLENGING ENVIRONMENT RELATED TO UNCERTAINTY AROUND BREXIT

* SAYS Q3 US SALES WERE UP 4.3% ON SAME-DAY BASIS, DESPITE NEGATIVE 1.2% EFFECT FROM HURRICANES IRMA AND HARVEY Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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