Rexel SA (OTCPK:RXEEY)

$ 24.82 -0.684 (-2.68%) Market Cap: 7.53 Bil Enterprise Value: 11.66 Bil PE Ratio: 10.15 PB Ratio: 1.30 GF Score: 82/100

Q3 2019 Rexel SA Corporate Sales Call Transcript

Oct 17, 2019 / 08:00AM GMT

Release Date Price: $11.59

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Rexel Third Quarter Sales Publication. (Operator Instructions) I must advise you, the conference is being recorded today, Thursday, the 17th of October, 2019.

And I'd now like to hand the call over to your speaker today, Laurent Delabarre, Chief Financial Officer. Please go ahead.

Laurent Delabarre

Rexel S.A. - Group CFO

Thank you. Good morning, ladies and gentlemen, and welcome to our Third Quarter 2019 Sales Call. I am with Ludovic Debailleux, our Head of Investor Relations. I will start by focusing on some key highlights, then take you through our geographical performance. I will conclude with a reaffirmation of our guidance, and then hand the floor over to you for the Q&A session.

Let's now start this presentation. So let me begin on Slide 3 with the key highlights of our Q3 sales. Rexel posted a good quarter in term of sales, which grew for the 12th consecutive period to reach more than EUR 3.4 billion, supported by North America, key European countries, notably

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