Rexel SA (LTS:0KBZ)
€ 24.055 0.34 (1.42%) Market Cap: 7.06 Bil Enterprise Value: 11.03 Bil PE Ratio: 10.43 PB Ratio: 1.29 GF Score: 84/100

Q2 2022 Rexel SA Earnings Call Transcript

Jul 28, 2022 / 08:30AM GMT
Release Date Price: €16.89 (+4.76%)
Guillaume Jean Philippe Texier
Rexel S.A. - CEO & Director

Good morning, and thank you for participating in this Rexel H1 call, especially as I know it is a busy day for all of you. I'm here today with Laurent Delabarre, our CFO.

As you have seen in our press release, our results in H1 were a historical high in all dimensions. And I think it has to do with 3 factors. First of all, a good market, which continues to be supportive and in which the electrification trends are visible.

Secondly, our transformation over the last few years, which clearly bear fruits. As I said, during our Capital Market Day in June, Rexel has become over the last few years, more digital, more agile, more robust and more resilient. And thirdly, the Power Up 2025 plan that we have just announced in June and that we are starting to implement actively and that is providing an additional boost. We have, for example, actively pushed our portfolio optimization in the second quarter with 2 acquisitions and divestments after the very successful Mayer acquisition from last year.

So very happy with both our

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