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 2021 Rexel SA Corporate Sales Call Transcript

Oct 21, 2021 / 06:30AM GMT

Release Date Price: $21.46

Transcript

Operator

Good day, and thank you for standing by. Welcome to Rexel's Third Quarter 2021 Sales Conference Call. (Operator Instructions) Please be advised that today's telephone conference is being recorded, Thursday, the 21st of October 2021. (Operator Instructions)

I would now like to hand the conference over to our speaker for today, Mr. Guillaume Texier. Please go ahead.

Guillaume Jean Philippe Texier

Rexel S.A. - CEO & Director

Okay. Good morning to all of you. Very happy to be with you today for this Q3 sales call. Usually, the quarterly sales call is done by Laurent Delabarre, our CFO, but given the big acquisition that we announced recently in the U.S., we thought it would be useful for me to be on the call as well.

So if we can switch to the first slide, yes. So our sales during this past quarter were robust. This is really the right word to use. Everywhere we look in our world, the underlying trends are positive and solid, boosted by the overall strong recovery of the economy, very active construction markets, government subsidies in many

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