PARIS – Rexel recently announced its end-of-year earnings. Sales were close to €12bn, up 5.8% from 2009.
Jean-Charles Pauze, Chairman of the Management Board and CEO, had the following to say about the results:
“Rexel continued to improve its performance in Q4, thanks notably to the recovery in sales in North America and further cost discipline. As a result, Rexel exceeded its targets for the full year, with sales close to 12 billion euros, EBITA above 600 million euros and a sharp reduction in debt leverage. After recently announcing a series of acquisitions, notably in fast-growing countries, Rexel will continue its external growth in the coming quarters while accelerating organic growth with a strong focus on value-added services and solutions and energy efficiency. We are confident that the combination of acquisitions and improved sales volumes in 2011 will allow us to further strengthen our market position, improve our profitability and generate robust cash flow, consistent with our medium-term targets.”
