Rexel

News aus der Elektroindustrie

03
Oct

Rexel Announces the appointment of Thomas Moreau as Chief Executive Officer (CEO) of Rexel France.....

Rexel Announces the appointment of Thomas Moreau as Chief Executive Officer (CEO) of Rexel France. The appointment of Moreau will take effect on 1 October. For the past three years, Moreau has served as Commercial Vice President of Rexel France.
Moreau joined Rexel in 2017 after spending fifteen years in various positions at Schneider Electric, where he became Vice President Business Strategy France in 2014. Moreau graduated from EDHEC Business School.

In addition, Shahab Chaudhry, currently CFO of Rexel Middle East, has been appointed Rexel Canada's Corporate Controller. Chaudhry has held various financial positions within the Rexel Group over the last 10 years and has been instrumental in the growth of the Middle East business in recent years.

His successor will be as of November 1, Ms. Joanne Bjelanovic; she will be based in Dubai.

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In the months from January to June, Rexel increased its sales by 2.4% to 6,799.5 m EUR.

In the months from January to June, Rexel increased its sales by 2.4% to 6,799.5 m EUR. Net profit increased by 70.6% to 163.9 m EUR.
In Europe, sales were down 0.2%, North America up 7.6%, and the Asian-Pacific region up 0.8%.
Rexel was hit particularly hard by the branch closures in the United Kingdom (30 closures) and in Germany (17 closures).

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25
Jun

From 1 July 2019, David Moyal will take over the management of Rexel Italy;

From 1 July 2019, David Moyal will take over the management of Rexel Italy; he replaces Massimo Ferri, who left after 14 years in this office !!

Moyal worked for 10 years with Darty FNAC and 6 years as sales manager at Rexel; most recently he was head of the GIGAMEDIA brand at CONECTIS; this position is now taken over by Marina Berho in addition to her responsibilities as Head of Data Communication and Security at Rexel France.

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20
May

As we learned today, Rexel has sold its three Chinese companies,

As we learned today, Rexel has sold its three Chinese companies, Luckywell International Investment Ltd. and Beijing Luckywell Electrical Co., Ltd. on 31.1 2019 and Shanghai Maxqueen Industry Development Co. ltd. on 30.4.2019. To whom was not communicated.

 

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30
Apr

Rexel generated sales of 3,315.0 m EUR in the first quarter of 2019,

Rexel generated sales of 3,315.0 m EUR in the first quarter of 2019, an increase of 3.1% compared to the previous year; mainly due to dynamic growth in the US (+ 9.8%), China (+ 8.2%) and some key markets in Europe (France + 2.7%, Benelux + 13.3%, Scandinavia + 6.8%). Sales were as follows: 55% were made in Europe, 37% in North America and 8% in Asia / Pacific.

The decline in Germany (-19.9%), UK (-7.5%) and Spain is mainly due to the large number of branch closures in Q4-2018 and this quarter.

The outlook for the full year has been confirmed, with sales growth of 2-4% and an adjusted EBITA of plus 5-7%.

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02
Apr

To better position itself in the operational business for the future, Rexel has further strengthened itself with two experienced executives.

To better position itself in the operational business for the future, Rexel has further strengthened itself with two experienced executives.

Roger Little, head of Rexel Canada, is expected to bring his experience mainly to project management at headquarters; in addition, he and Jeff Baker (CEO in the US) will try to take the business in North America to a new level.

Pierre Benoît, head of Benelux, will be appointed CEO of the newly established UK / Ireland-Benelux cluster, focusing mainly on his experience in digital transformation.

These changes apply from 1.4.2019; all the above persons report to Patrick Berard in Paris.

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29
Mar

It's probably the poor performance that forced Rexel at the headquarters in Paris to act now.

It's probably the poor performance that forced Rexel at the headquarters in Paris to act now.


The former Chief Executive Officer CEO), Stephan Strauss was dismissed; his successor from 1.4.2019
will be Jens Wehran who has been Chief Operating Officer (COO) since 2018 and Chief Financial
Officer (CFO) at Rexel Germany.

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Rexel continues its name change strategy in Spain as well; since 4th February ABM Rexel is now...

Rexel continues its name change strategy in Spain as well; since 4th February ABM Rexel is now Rexel Spain S.L. (as in Germany/Hagemeyer  now Rexel, see our News of November 30, 2018).

Rumors in the market, that Rexel would give up in Spain are decidedly opposed. On the contrary, Rexel affirms its interest in the Spanish market and wants to expand its position also through acquisitions in the future. By the year 2020, Rexel wants to be one of the market leaders.

(Note from EMR: market leader in Spain is the Sonepar group with 8 companies and 130 branches, turnover of around 430 m EUR; but also the marketing organizations Electroclub / Imelco and Fegime are very strongly represented).

Rexel employs approx. 500 people in 47 branches and 4 logistics centers in Barcelona, Granada, Madrid and Renteria. The turnover in 2018 was 185 m EUR.

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The Rexel Group has decided to respond with a series of actions to the economic and social refoundation called for by..........

The Rexel Group has decided to respond with a series of actions to the economic and social refoundation called for by..........

France’s President of the Republic.

Three of these actions relate to the employability of workers in France with the implementation of 250 contracts per year combining studies and work, a plan for each Rexel branch to host a high-school student for a discovery internship and participation in the implementation of work-based diplomas.

The other three measures focus on supporting purchasing power and the energy transition with a bonus of 400 euros for all employees in France, overtime hours free of taxes and offering technical solutions to promote the government plan to replace fuel-based boilers. The bonus will be paid in December 2018 and will be exempt from social and labor charges for employees whose income is less than 3 times the minimum wage (SMIC).

Patrick Berard, CEO of the Rexel Group, declared: "Rexel wishes to fully participate in the President's campaign for social cohesion, and I am particularly proud that our company can offer all our workers in France the opportunity to contribute to this societal overhaul and to be part of a future based on commitment and optimism."

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Rexel posted sales of EUR 3,313.0 m in the third quarter; this is an increase of 3.8% compared to the previous year, ..............

Rexel posted sales of EUR 3,313.0 m in the third quarter; this is an increase of 3.8% compared to the previous year, ..............

but with different characteristics in the different countries.

In Europe, sales were EUR 1,766.8 m (+ 1.6%), with France up 2.5% to EUR 629.3 m and the UK down 2.9% to EUR 204.5 m, in Germany turnover went down by a hefty 10.9% to EUR 193 m.

North America reached EUR 1,239.9 m, an increase of 7.3%; in the Asia / Pacific region it was EUR 306.4 m (+ 3.3%).


In the 9 months, Rexel reached EUR 9,868.8 m worldwide, down 0.3%.

55% (EUR 5,447.8 m) are made in Europe, of which EUR 1,992.8 m in France, EUR 614,8 m in the UK and EUR 597,3 m in Germany.

A total of 27,046 people were employed, with EBITA amounting to EUR 435 m, an increase of 5.1%.

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