Rexel: Q3 2024 Sales
REXEL SA UNSP/ADR (RXEEY)
NASDAQ:AMEX Investor Relations:
rexel.com/en/finance/investors
Company Research
Source: GlobeNewswire
Q3 2024 SALES Same-day sales down (2.1)% in Q3 24 in a more challenging market, especially in Europe2024 outlook lowered; acceleration of cost reduction actions Medium-term ambitions confirmed ? Q3 24 sales of €4,762.3m, down (2.1)% on a same-day basis, or (0.7)% on an actual-day basis: North America: Positive evolution in Q3 24, driven by good backlog execution, notably in non-residential and pick-up in residential, despite negative impact from weather events in SeptemberEurope: Good performance amid challenging markets More difficult macro conditions, especially in Central and Northern Europe (Germany, Austria, Benelux) No recovery yet of construction markets, which should start benefiting from recent interest rate cuts Electrification categories, especially solar, still contributing negatively despite easier comparable base Market share gains in most of our 19 countries, including France and Germany Improved pricing environment on both cable and non-cable products, but further p
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