Du är här

2015-10-07

REXEL: REXEL :FULL-YEAR 2015 TARGETS ADJUSTED

FULL-YEAR 2015 TARGETS ADJUSTED

The deterioration of the macro-economic environment in which Rexel has been
operating since it announced its quarterly results on July 29, along with the
expected trends for the remainder of the year, have led the Group to revise
its financial targets for the full-year.

Rexel now expects to post a drop in sales on a constant and same-day basis of
between 2% and 3% in the full-year (vs. the guidance given on July 29 of an
organic decline of a maximum of 2% on a constant and same-day basis).

In this context of a revised annual sales forecast, Rexel should generate an
adjusted EBITA margin in the full-year of between 4.3% and 4.5% (vs. the
guidance given on July 29 of an adjusted EBITA margin of at least 4.8%).

Rexel confirms its ability to generate structurally, as well as in 2015, solid
cash-flow of:

· At least 75% of EBITDA before interest and tax,

· About 40% after interest and tax.

Sales in the third quarter reflected the deterioration of the macro-economic
environment, with an estimated drop of around 3.5% on a constant and same-day
basis (after -0.4% in Q1 and -1.6% in Q2), of which:

· Europe c. -1%,

· North America c. -7%,

· Asia-Pacific c. -1%.

Rexel's management will answer questions relating to the adjustment of its
full-year 2015 targets during a conference call to be held today at 9:00 am
CET.

All questions relating to the Q3 and 9-month 2015 performance and results by
geography will be answered during the usual conference call that follows each
release of quarterly results on Friday, October 30 (press release at 7.30 am
CET and conference call at 10:00 am CET).

CONFERENCE CALL
To listen to the conference call, please dial-in:

* from France +33 (0)1 70 99 32 08 (code 955615)
* from United-Kingdom +44 (0) 207 162 0077 (code 955615)

ABOUT REXEL GROUP
Rexel, a global leader in the professional distribution of products and
services for the energy world, addresses three main markets - residential,
commercial and industrial. The Group supports its customers to be at their
best in running their business, by providing a broad range of sustainable and
innovative products, services and solutions in the field of technical supply,
automation and energy management. Rexel operates through a network of some
2,100 branches in 35 countries, with c. 28,000 employees. The Group's sales
were €13.1 billion in 2014.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A,
ticker RXL, ISIN code FR0010451203). It is included in the following indices:
SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600.
Rexel is also part of the following SRI indices: DJSI Europe, FTSE4Good
Europe&Global, EURO STOXX Sustainability, Euronext Vigeo Europe 120 and ESI
Excellence Europe. Finally, Rexel is included on the Ethibel EXCELLENCE
Investment Register in recognition of its performance in corporate social
responsibility (CSR). For more information, visit Rexel's web site
atwww.rexel.com

CONTACTS
FINANCIAL ANALYSTS / INVESTORS

------------------------------------------------------------------
| Marc MAILLET +33 1 42 85 76 12 marc.maillet@rexel.com |
| Florence MEILHAC +33 1 42 85 57 61 florence.meilhac@rexel.com |
------------------------------------------------------------------
PRESS

-----------------------------------------------------------------------
| Pénélope LINAGE +33 1 42 85 76 28 penelope.linage@rexel.com |
| Brunswick: Thomas KAMM +33 1 53 96 83 92 tkamm@brunswickgroup.com |
-----------------------------------------------------------------------

FULL-YEAR 2015 TARGETS ADJUSTED
http://hugin.info/143564/R/1957234/713047.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REXEL via Globenewswire

HUG#1957234

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.