Du är här

2016-01-20

REXEL: REXEL :REXEL CONTINUES ITS DISPOSAL PROGRAM WITH THE SALE OF ITS ACTIVITIES IN POLAND, SLOVAKIA AND THE BALTICS

REXEL CONTINUES ITS DISPOSAL PROGRAM

WITH THE SALE OF ITS ACTIVITIES IN POLAND, SLOVAKIA AND THE BALTICS

Rexel announces today the sale of its operations in Poland, Slovakia and the
Baltics to the Würth Group.

With this divestment, which follows that of its operations in Latin America,
announced on April 30, 2015, Rexel continues its disposal program aimed at
reallocating its resources to its most profitable activities (the key terms
and financial impacts of the program were announced when Rexel presented its
2014 annual results on February 12, 2015).

The operations whose sale is announced today contributed to the consolidated
sales of Rexel in 2015 for €153 million.

Because of their limited size, the operations whose sale is announced today
are not considered strategic for the Group. The sale of these operations will
also improve the profitability of European operations and of the Group as a
whole.

With the divestment announced today, Rexel has already completed about 60% of
the disposal program announced on February 12, 2015. This program provides
that, once finalized, at the latest by the end of 2016, disposed operations
should represent about 5% of total Group revenue, based on the 2014
consolidated financial statements.

The transaction announced today represents an enterprise value of around €10
million and should generate an estimated loss of around €27 million before
tax.

The completion of this transaction remains subject to the approval of the
relevant competition authorities.

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 |
-----------------------------------------------------------------------

Rexel continues its disposal program
http://hugin.info/143564/R/1980072/725335.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#1980072

Författare WKR

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.