Rexel SA

Latest Results (16.11.2025):

In Q3 2025, Rexel SA reported stable overall performance with reported sales of €4,758m and a constant same-day sales increase of +3.0%. The quarter was marked by strong growth in North America (+7.4% on a same-day basis), sequential improvements in Europe and Asia-Pacific, and healthy momentum in digital sales. Strategic actions, including targeted investments in high-growth segments like datacenters and broadband infrastructure, as well as portfolio adjustments, underpin confident full-year guidance and profitability for FY 2025.

Robust Regional Performance

North America drove much of the growth with +7.4% same-day sales, largely thanks to high-growth segments and tariff-related pricing adjustments. Europe experienced a slight decline (–0.5% on a same-day basis) but showed promising sequential improvements, while Asia-Pacific displayed similar trends with a minor decrease (–0.5%).

Positive Sales Dynamics

Overall Q3 2025 results showed a constant same-day sales growth of +3.0% attributed to volume and pricing contributions, despite a negative currency effect of (3.3)% and an adverse calendar impact of (0.3)%. Pricing improvements, including a +0.9% contribution from non-cable products and +0.5% from cable products, supported the performance.

Strategic Investments and Capital Allocation

Rexel SA’s ongoing Axelerate 2028 strategy is evident through accelerated investments in datacenter-focused infrastructure, digital sales initiatives (+136bps growth over the quarter), and active capital allocation. The disposal of Finnish activities, the €400m Senior note issuance, and share buyback efforts underscore a disciplined approach to growth.

Confirmed Guidance for FY 2025

The solid Q3 results, combined with sequential improvements and strategic measures, have reinforced Rexel SA’s full-year guidance. Despite challenging market conditions, the company remains confident in achieving slightly positive sales growth versus 2024, with full-year profitability and cash flow guidance maintained.