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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 Appointment Of Two Regional Executives
Friday, 29 Mar 2019 

March 29 (Reuters) - REXEL SA ::ANNOUNCED ON THURSDAY APPOINTMENT OF ROGER LITTLE, THE HEAD OF REXEL CANADA’S OPERATIONS.PIERRE BENOÎT, PREVIOUSLY CEO BENELUX, IS APPOINTED AS CEO OF THE NEWLY CREATED UK/IRELAND-BENELUX CLUSTER.  Full Article

Rexel Completes Placement Of EUR 600 Million Notes Offering
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - REXEL SA ::REG-REXEL: SUCCESSFUL PLACEMENT OF THE €600 MILLION NOTES OFFERING.DELIVERY AND SETTLEMENT AND LISTING OF NOTES ON EURO MTF MARKET OF LUXEMBOURG STOCK EXCHANGE ARE EXPECTED TO OCCUR ON OR ABOUT MARCH 12, 2019.PLACED EUR 600 MILLION OF ITS 2.750% UNSECURED SENIOR NOTES DUE 2026.EXPECTS TO REDEEM 2023 NOTES ON OR ABOUT MARCH 19, 2019.WILL USE PROCEEDS OF ISSUANCE OF NOTES, TOGETHER WITH AVAILABLE CASH, TO REDEEM ALL OR PART OF 3.500% SENIOR EURO NOTES DUE JUNE 2023.NOTES, WHICH MATURE ON JUNE 15, 2026, WILL BE CALLABLE AS FROM MARCH 2022.REXEL WILL USE PROCEEDS OF ISSUANCE OF NOTES TO REDEEM ALL OR PART OF 3.500% SENIOR EURO NOTES DUE JUNE 2023.  Full Article

Rexel Q3 Operating Income Increases To 135.0 Million Euros
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - REXEL SA ::ADJUSTED EBITA UP +9.2% AND RECURRING NET INCOME UP 20% IN Q3.Q3 NET INCOME EUR 77.3 MILLION UP 15.4 PERCENT.Q3 SALES EUR 3.31 BILLION VERSUS EUR 3.24 BILLION YEAR AGO.SALES OF EUR 3.313BN IN Q3.Q3 OPERATING INCOME EUR 135.0 MILLION, UP 5.1 PERCENT VERSUS LAST YEAR.WE CONFIRM OUR FULL-YEAR FINANCIAL TARGETS.  Full Article

Rexel Q2 Recurring Net Income Up 28% To 91.5 Million Euros
Tuesday, 31 Jul 2018 

July 31 (Reuters) - REXEL SA ::Q2 SALES EUR 3.37 BILLION, UP 5.1 PERCENT, ON A CONSTANT AND SAME-DAY BASIS.Q2 ADJUSTED EBITA EUR 161.0 MILLION, UP 10.2 PERCENT.FULL-YEAR TARGETS CONFIRMED.UPDATE ON DISPOSAL PROGRAM: WE HAVE REVISED THE FIGURE OF SALES TO BE DISPOSED TO EUR 650 MILLION FROM EUR 800 MILLION.CURRENTLY, WE HAVE DISPOSED OF €530 MILLION IN SALES.EXPECTS THE REMAINING DISPOSALS OR DOWNSIZINGS FOR €120 MILLION OF SALES TO BE COMPLETED BY MID-2019..CONFIRM THAT THE DISPOSAL PLAN WILL HAVE A POSITIVE IMPACT ON ADJUSTED EBITA MARGIN OF 25BPS (COMPARED TO FY 2016), ONCE COMPLETED.Q2 RECURRING NET INCOME UP 28% TO EUR 91.5 MILLION.  Full Article

Rexel Announces Workforce Reduction In Germany And Signs Cooperation Agreement With Siemens
Friday, 8 Jun 2018 

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 

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 

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 

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