Rexel

News aus der Elektroindustrie

26
Mar

Rexel announced that Patrick Berard will retire as Chief Executive Officer on September 1, 2021....

Rexel announced that Patrick Berard will retire as Chief Executive Officer on September 1, 2021. He will be replaced by Guillaume Texier, who will join the company after several management positions at Saint-Gobain. However, Berard will stay until March 1, 2022 to ensure a smooth handover.

Berard, who joined Rexel in 2003, has been the Group's CEO since 2016. Under his leadership, Rexel has undergone a profound change, from an electrical distributor to one of the most important service providers in energy management.

Today Rexel has a network of more than 1,900 branches in 25 countries with more than 24,000 employees. Consolidated sales in 2020 amounted to 12.6 billion Euros.

The 47-year-old Guillaume Texier joined Saint-Gobain in 2005, where he held various management positions. Since January 1, 2019, he has been Senior Vice President and CEO Southern Europe, Middle East and Africa.

Prior to joining Saint-Gobain, Texier held various senior positions within the French government, including adviser to the Ministry of the Environment and the Ministry of Industry.

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24
Mar

Rexel has acquired a minority stake of 25% in Trace Software International,...

Rexel has acquired a minority stake of 25% in Trace Software International, a company specializing in the design and calculation of non-residential buildings, and 100% in Freshmile Services, an independent operator of charging stations for electric vehicles.

Trace Software International:

Rexel  has acquired a minority stake of 25% in Trace Software International, a French company founded in 1990 that specializes in software for non-residential buildings and industries such as energy. This minority stake goes along with a commercial partnership to accelerate the Rexel sales force's transition to selling more software and recurring services. With this investment, Rexel is strengthening its offering for non-residential buildings and completes its offering of residential buildings.

Freshmile Services:

Freshmile Services was founded in 2016 and is one of the leading providers of charging stations for electric vehicles in Europe. The company manages more than 8,000 charging points and offers services to more than 50,000 EV-drivers who can access 100,000 charging points in roaming. The company operates in France with 25 employees and generates income through an efficient subscription fee model.

The acquisition of Freshmile offers Rexel improved development opportunities in the rapidly growing e-mobility business. With this acquisition, Rexel is developing into a service provider for the remote management of objects in the field of energy efficiency. In addition, Rexel can continue to leverage its range of e-mobility solutions, including EV charging stations, and now offers an end-to-end solution for this attractive business, including training, financing and subsidizing. Rexel also wants to use its global network to develop and expand the business internationally.

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11
Feb

Rexel achieved sales of EUR 3,389 million in the 4th quarter of 2020; this is 3.7% less than 12 months earlier....

Rexel achieved sales of EUR 3,389 million in the 4th quarter of 2020; this is 3.7% less than 12 months earlier.

In Europe, quarterly sales were EUR 1,958.2 million, up 3.4%. As always, France was at the top with EUR 768.9 million, Scandinavia with EUR 265.0 million, Germany EUR 181.8 million, UK with EUR 155.4 million, other countries EUR 587.1 million.

In North America it was EUR 1,105.3 million and in the Asia-Pacific region EUR 325.5 million.

In the whole of 2020, sales were EUR 12,592.5 million, minus 8.4% compared to the previous year. The net result was a minus of EUR 261.3 million.

Despite the restrictions in many countries, sales growth of 5-7% is expected for 2021.

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Rexel announced on 2nd February that it had acquired WESCO International's Canadian subsidiary (WESCO Canada Utility)...

Rexel announced on 2nd February that it had acquired WESCO International's Canadian subsidiary (WESCO Canada Utility). WESCO had merged with Anixter in June 2020 and in this context agreed with the Canadian competition authority that they would sell their Canadian sales company in return. The net proceeds of this deal would be used to repay WESCO's debt.

WESCO Canada operates in an environment where hydropower accounts for more than 60% of electricity generation and more than 2/3 comes from green energy. The company operates four offices in Canada with around 60 employees and sales of over USD 70 million (EUR 58 million).

This is a unique opportunity for Rexel to accelerate its development in Canada in the attractive and environmentally friendly hydropower business and to benefit from the recurring service revenues.

With this takeover, Rexel also wants to prove that it has repositioned itself in the recent past and is ready again to take up its acquisition strategy and take over companies that complement its own activities and product range in order to increase the company's value.

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04
Dec

Rexel announced better than expected results for 2020;...

Rexel announced better than expected results for 2020; this also made it possible to repay the 2024 bond early. By investing in the last three years, Rexel has been able to further improve its customer service, mainly in terms of staff, branches and further digitalization.

During the second wave of the Corona crisis, Rexel was particularly satisfied with the better than expected business activity.

For the next year, they want to resume dividend payments.

With the prospect of a vaccine against Covid-19, the company looks forward to the press conference on February 11, 2021, where not only the annual report for 2020 will be presented, but also the strategic direction for the next few years.

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29
Oct

Rexel suffered a 4.2% decline in Q3 2020,...

Rexel suffered a 4.2% decline in Q3 2020, but compared to the 17.7% decline in the previous quarter, this was a strong improvement of the business situation.

Digital revenues in Q3 accounted for a remarkable 20.5% of total revenues.

From January to September 2020, total revenues amounted to EUR 9,203.4 million, of which EUR 5,125.1 m was generated in Europe (EUR 1,868.4 m in France, EUR 511.6 m were made in Germany), EUR 3,236.7 m in North America (EUR 2,531.7 m in the U.S.) and EUR 841.6 m in the Asia-Pacific region (China EUR 356.9 m).

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28
Jul

Rexel had sales of EUR 6,045.6 m in the first half of 2020...

Rexel had sales of EUR 6,045.6 m in the first half of 2020; which corresponds to a decrease of 11.1%. It is worth mentioning that the group's digital sales accounted for 21%, representing 31% of sales in Europe.

The net loss in the first half of the year was EUR 439.8 m.

The distribution of sales was as follows: Europe 54%, North America 36%, Asia / Pacific 10%.

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28
Oct

In the 9 months from January to September 2019, Rexel generated....

In the 9 months from January to September 2019, Rexel generated sales of EUR 10,221.7 m EUR, an increase of 3.6% over the same period last year. Of this total, 5,425.7 m EUR was generated in Europe, 3,918.9 m EUR in North America of which 3,107.2 m EUR in the US.

Country No. 1 in Europe was, as always, France with sales of 2,050.3 m EUR (+2.9%), Scandinavia 701.1 m EUR (+3.2%), UK 558.2 m EUR (-8.8%), Germany slipped even further to 481.2 m EUR, a minus of 19.6%!

Of the 877.0 m EUR from the Asia-Pacific region, 357.9 m EUR (an increase of 8.6% over the previous year) was generated in China.

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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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