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Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rexel sells southeast Asia operations to private equity firm American Industrial Acquisition Corporation
Wednesday, 20 Dec 2017 02:23am EST 

Dec 20 (Reuters) - Rexel ::* Rexel announces sale of its operations in South East Asia to American Industrial Acquisition Corporation Group (AIAC), a private equity firm focusing on investment in the industrial sector. .* Transaction includes the following seven South-East Asian countries in which Rexel was present: Thailand, Indonesia, Singapore, Vietnam, the Philippines, Macau, and Malaysia.* Deal should lead to reduction of c. 800 million euros of sales.* Deal should have positive contribution of c. 25bps to the Group's consolidated adjusted EBITA margin.* Transaction should result in an estimated pre-tax loss of about 60 million euros but also improve Rexel's leverage ratio.  Full Article

Rexel completes bond issue of 500 million euros‍​
Monday, 6 Nov 2017 01:10pm EST 

Nov 6 (Reuters) - REXEL ::COMPLETES BOND ISSUE OF EUR 500 MLN‍​.  Full Article

Rexel launches 500 million euros notes offering
Monday, 6 Nov 2017 02:14am EST 

Nov 6 (Reuters) - REXEL ::REXEL LAUNCHES €500 MILLION NOTES OFFERING‍​.SENIOR UNSECURED NOTES DUE 2025.THE NOTES ARE CALLABLE AT REXEL’S DISCRETION AS FROM DECEMBER 2020.THE NOTES WILL RANK PARI PASSU WITH REXEL’S SENIOR CREDIT FACILITY AND OTHER SENIOR UNSECURED NOTES.THE NOTES WILL BE OFFERED EXCLUSIVELY TO INVESTORS OUTSIDE THE UNITED STATES.NOTES TO BE LISTED ON THE LUXEMBOURG STOCK EXCHANGE (EURO MTF).CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, HSBC BANK PLC AND SOCIÉTÉ GÉNÉRALE TO ACT AS JOINT GLOBAL COORDINATORS AND JOINT LEAD BOOKRUNNERS.BARCLAYS BANK PLC, CRÉDIT INDUSTRIEL ET COMMERCIAL S.A., ING BANK N.V., LONDON BRANCH AND NATIXIS TO ACT AS JOINT BOOKRUNNERS FOR NOTES OFFERING.BAYERISCHE LANDESBANK AND WELLS FARGO SECURITIES INTERNATIONAL LIMITED TO ACT AS CO-LEAD MANAGERS.  Full Article

BRIEF-Rexel sees FY EBITA at low end of guidance; Q3 revenue up 5.2 pct
Friday, 27 Oct 2017 01:30am EDT 

Corrects headline to say "EBITA" not "EBITDA".: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.  Full Article

Rexel sees FY EBITDA at low end of guidance; Q3 revenue up 5.2 pct
Friday, 27 Oct 2017 01:30am EDT 

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.  Full Article

Rexel reports H1 net income slightly increased to 96.4 million euros
Monday, 31 Jul 2017 02:05am EDT 

July 31 (Reuters) - Rexel ::SALES OF EUR 6.67 BILLION IN H1, UP 2.4% ON A REPORTED BASIS.ADJUSTED EBITA AT EUR 284.9 MILLION IN H1, UP 3.6% YEAR-ON-YEAR.FULL-YEAR FINANCIAL TARGETS CONFIRMED.H1 NET INCOME EUR 96.4 MILLION, UP 0.7%.  Full Article

Rexel Q1 adjusted EBITA up 9.3 pct at EUR 135.0 mln
Friday, 28 Apr 2017 01:30am EDT 

April 28 (Reuters) - Rexel SA ::Q1 sales EUR 3.32‍​ billion ($3.61 billion), up 5.1 percent on a reported basis.Q1 adjusted EBITA EUR 135.0‍​ million, up 9.3 percent.Q1 recurring net income EUR 67.7‍​ million, up 19.3 percent.Full-Year financial targets confirmed.  Full Article

Rexel to pay EUR 0.40/share dividend
Friday, 31 Mar 2017 12:08pm EDT 

Rexel SA : Payment of the dividend to shareholders . Payment of a dividend of 0.40 euros ($0.43) per share . Ex-Date is July 5, 2017 .Payment of dividend will be made on July 7, 2017.  Full Article

Rexel says Laurent Delabarre appointed as Rexel Group CFO
Thursday, 30 Mar 2017 11:45am EDT 

Rexel SA :Laurent Delabarre appointed as Rexel Group CFO & member of the executive committee.  Full Article

Rexel announces succesful placement of 300 mln euro notes offering
Monday, 27 Feb 2017 11:45am EST 

Rexel SA : Announces succesful placement of the 300 million euro ($318.9 million) notes offering . Successfully placed 300 million euros of its 2.625 pct unsecured senior notes due 2024 . Notes, which mature on June 15, 2024, will be callable as from March 2020 . Delivery and settlement and listing of notes on euro MTF market of Luxembourg stock exchange are expected to occur on or about March 13, 2017 .Will use proceeds of issuance of notes, together with some available cash, to redeem all of 5.250 pct senior USD notes due June 2020.  Full Article

BRIEF-Rexel sells southeast Asia operations to private equity firm American Industrial Acquisition Corporation

* Rexel announces sale of its operations in South East Asia to American Industrial Acquisition Corporation Group (AIAC), a private equity firm focusing on investment in the industrial sector.