Rexel

News aus der Elektroindustrie

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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During its regular meeting on October 24, Rexel’s Board of Directors appointed Mr. François Auque as an observer........

During its regular meeting on October 24, Rexel’s Board of Directors appointed Mr. François Auque as an observer........

with the aim of proposing him to the General Meeting next year as a member of the Board.

As an observer, he participates in the meetings of the Executive Board in an advisory capacity, and the Board of Directors can thus benefit from his experience and expertise.

Auque spent the last 18 years in various executive positions in the aviation/space industry and was a member of various supervisory boards but also here essentially only in aviation and not in the electrical industry!!

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As various sources reported including Reuters, the French police and the French Anti-corruption agency carried out 12 searches..........

As various sources reported including Reuters, the French police and the French Anti-corruption agency carried out 12 searches..........

in the offices of  the manufacturers Legrand and Schneider Electric and  the wholesalers Rexel and Sonepar on the 6. September on suspicions  received by the Competition Authority and the Anti-corruption-agency in April.

The charge is price fixing between manufacturers and wholesalers, money laundering, tax evasion, bribery of representatives and public officials, abuse of corporate assets.

Other sources even say that there are reports of a secret agreement between the four companies limiting competition through price-fixing.

Should there be a guilty verdict; the companies would face a fine of hundreds of millions of euros.

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Rexel achieved sales of EUR 3,373.6 m in the second quarter of 2018. For the first half of the year, this means EUR 6,555.8 m.

Rexel achieved sales of EUR 3,373.6 m in the second quarter of 2018. For the first half of the year, this means EUR 6,555.8 m.

The net income for the first 6 months was EUR 100.8 m; an increase of 4.2%. Net debt was reduced by 8.4% to EUR 2,112.4 m.

In Europe, Rexel reached EUR 3,681.0 m, of which EUR 1,363.4 m in France, EUR 410.2 m in the UK and EUR 404.3 m in Germany. In North America, it was EUR 2,280.6 m and in Asia-Pacific it was EUR 594.1 m.

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