- Rexel’s second-quarter sales totaled €4.95 billion, slightly above the estimate of €4.92 billion.
- In Europe, sales were €2.39 billion, down 2.4% from the previous year, and slightly below the estimated €2.41 billion.
- North America saw a strong performance, with sales of €2.28 billion marking a 7.3% increase year-over-year, surpassing the estimate of €2.21 billion.
- The Asia Pacific region reported a significant decline in revenue to €277.3 million, a 19% decrease from the previous year, missing the estimate of €295.5 million.
- Overall same-day sales grew by 1.8%, exceeding the forecasted growth of 1.58%.
- Europe’s same-day sales fell by 3%, against an estimated decline of 1.34%.
- North America’s same-day sales increased by 8.7%, outperforming the expected growth of 4.98%.
- Asia Pacific experienced a decrease in same-day sales by 6.5%, missing the expected increase of 2.44%.
- The first half of the year saw adjusted EBITA of €563.5 million, which was below the estimated €571.3 million.
- The adjusted EBITA margin was reported at 5.8%.
- Adjusted free cash flow for the first half was €127.2 million, marking a 62% decrease year-over-year.
- Rexel maintains its 2025 outlook, expecting an adjusted EBITA margin of around 6%.
Rexel SA on Smartkarma
On Smartkarma, analyst coverage of Rexel SA is gaining attention with Baptista Research‘s recent report titled “Rexel: Initiation of Coverage.” The report dives into Rexel, a global leader in electrical supplies distribution, and its full-year results for 2024. The analyst highlights the company’s challenges and progress during a complex year, encapsulating key elements of the earnings call to offer a balanced view of Rexel’s current performance and future prospects. Despite facing a 2.4% decline in like-for-like sales growth in 2024, aligning with revised guidance, the report acknowledges the impact of a softer economic environment, especially in Europe.
A look at Rexel SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Rexel SA, a company that distributes low voltage electrical equipment, shows a promising long-term outlook. With strong scores in Dividend (4) and Momentum (4), the company is positioned well for future growth and income generation. These scores indicate that Rexel is likely to provide good returns to its investors through dividends and has positive momentum in its business activities, reflecting potential for growth.
Although the scores for Value, Growth, and Resilience are slightly lower, at 3, 2, and 3 respectively, they still suggest a decent overall performance. The company’s resilience score of 3 indicates a moderate ability to weather economic uncertainties. With a diversified product range catering to various customer segments, including electrical contractors, industrial companies, and homeowners, Rexel SA appears to have a stable foundation for sustained growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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