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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 Announces Workforce Reduction In Germany And Signs Cooperation Agreement With Siemens
Friday, 8 Jun 2018 07:00am EDT 

June 8 (Reuters) - Rexel ::REG-REXEL GERMANY ACCELERATES ITS TRANSFORMATION AND SIGNS A COOPERATION AGREEMENT WITH SIEMENS.MEASURES INCLUDE CLOSURE OF 17 SALES OFFICES, RATIONALIZATION OF LOGISTICS ORGANIZATION AND WORKFORCE REDUCTION.MEASURES ARE PART OF REXEL GROUP’S EFFORTS TO ENHANCE THE EFFICIENCY OF ITS BUSINESSES IN EUROPE.SIGNATURE OF AGREEMENT WITH SIEMENS TO DEVELOP JOINT INITIATIVES.INDUSTRIAL SOLUTIONS WILL BECOME A MEMBER OF THE GLOBAL USER ORGANIZATION MINDSPHERE WORLD.REXEL WILL COLLABORATE WITH SIEMENS IN ADDITIVE MANUFACTURING.REXEL WILL SUPPORTPRINCIPLES OF THE “CHARTER OF TRUST” CYBERSECURITY INITIATIVE INITIATED BY SIEMENS.  Full Article

Rexel Confirms Financial Targets For Full Year
Friday, 27 Apr 2018 01:30am EDT 

April 27 (Reuters) - REXEL SA ::Q1 RECURRING NET INCOME EUR ‍​68.2 MILLION, UP 0.1 PERCENT YOY.Q1 ADJUSTED EBITA EUR ‍​127.2 MILLION, DOWN 4.8 PERCENT YOY.Q1 SALES EUR ‍​3.18 BILLION, UP 3.9 YOY ON A CONSTANT AND SAME-DAY BASIS.IN Q1 FREE CASH FLOW BEFORE INTEREST AND TAX WAS AN OUTFLOW OF EUR 119.2 MILLION.CONFIRMS FINANCIAL TARGETS FOR THE FULL YEAR.  Full Article

Rexel Proposes Dividend Of 0.42 Euro Per Share
Thursday, 5 Apr 2018 12:10pm EDT 

April 5 (Reuters) - REXEL SA ::HAS DECIDED TO SUBMIT TO REXEL'S SHAREHOLDERS' MEETING PAYMENT OF A DIVIDEND OF EUR 0.42 PER SHARE..EX-DATE IS JULY 4, 2018; PAYMENT OF DIVIDEND WILL BE MADE ON JULY 6.  Full Article

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

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

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 says France not impacted by company's asset-sale plan
Monday, 13 Feb 2017 02:29am EST 

Rexel : CEO says France is not on the list of countries concerned by Rexel's asset-sale plan Further company coverage: [RXL.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Rexel to prioritise United States in any future acquisition strategy
Monday, 13 Feb 2017 02:24am EST 

Rexel : CEO says company will give priority to United States when Rexel resumes strategy of medium-sized acquisitions from 2018 onwards ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)).  Full Article

French group Rexel to shake up portfolio of businesses to tackle Amazon

PARIS French electrical parts distributor Rexel is in the process of developing certain strategies to deal with challenges posed by Amazon , including changes to its portfolio of businesses, its chief executive told Reuters in an interview.