“Powering up Rexel”: New Roadmap and Increased Financial Objectives

On June 7, 2024, in Paris, Rexel unveiled its strategic update and enhanced financial ambitions during an investor day. Building on its solid foundation combining technology, digitalization, AI, acquisitions and sustainable development, Rexel aims to take advantage of the growing electrification of its markets.

The new financial targets include sales growth of 5% to 8%, adjusted EBITA margin above 7% and earnings per share growth between 7% and 9%. Rexel also expects an EBITDAaL to cash flow conversion rate of 65%.

The group intends to achieve 50% of its sales via digital, increase the number of automated centers and robots, and increase the share of advanced services. These objectives will be supported by acquisitions, investments and sustainability initiatives.

Guillaume Texier, CEO of Rexel, underlined the importance of these initiatives to respond to market opportunities in full electrification, particularly in the United States.