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Rexel SA (RXL.PA)

RXL.PA on Paris Stock Exchange

14.69EUR
22 Feb 2018
Change (% chg)

€-0.18 (-1.21%)
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€14.87
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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 

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 

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

Rexel launches 500 million euros notes offering
Monday, 6 Nov 2017 

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 

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 

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 

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 

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

Rexel FY recurring net income down at 250.3 million euros
Monday, 13 Feb 2017 

Rexel SA : FY sales 13.16 billion euros ($13.99 billion) versus 13.38 billion euros year ago . FY adjusted EBITDA 549.8 million euros, down 7.6 percent yoy . FY recurring net income 250.3 million euros, down 7.1 percent yoy . For 2017 targets resuming organic growth, with sales up in the low single digits (on a constant and same-day basis) . Proposes dividend of 0.40 euros per share payable in cash .For 2017 targets a mid to high single-digit increase in adjusted ebita.  Full Article

Rexel Q2 sales down 2,2 pct to 3,349.9 million euros
Friday, 29 Jul 2016 

Rexel : Q2, Rexel posted sales of 3,349.9 million euros ($3.71 billion), down 2.2 pct . Net income from continuing operations in H1 rose by 121.8 pct to 95.8 million euros (versus 43.2 million euros in H1 2015) . Operating income in H1 stood at 219.7 million euros, up 5.8 pct year-on-year . Says consequences of Brexit on activity in UK (c. 8 pct of group sales) are still difficult to estimate .Sees 2016 full-year financial targets unchanged.  Full Article

Rexel adopts new governance structure
Friday, 24 Jun 2016 

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

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.