Rexel Achieves Sales of €3.727 Billion in Q2 2021


July 29, 2021

“After having demonstrated our resilience during the acid test of the pandemic, our half year results that the profound transformation initiated five years ago has made Rexel a more agile company,” says Patrick Berard, Chief Executive Officer. “This allows us to fully capture the incipient recovery and adapt to the current environment, marked by price increases and growing product scarcity. Rexel’s journey since 2017 has resulted in a stronger and more digital business model, for the benefit of all its stakeholders.”

Rexel serves three main markets: residential, commercial and industrial. The company operates through a network of more than 1,900 branches in 25 countries, with more than 24,000 employees.

Among the highlights for the second quaerter and first half of 2021:

• on a constant and same-day basis, sales were up +32.3% in Q2 2021 vs Q2 2020 and up +9.6% compared to Q2 2019; sequential acceleration vs Q1 2021 (+5.4% vs Q1 2019)

• same-day sales growth of +32.3% driven by strong volume recovery (contribution: +22.1%), and positive pricing on both cable (contribution: +6.5%) and non-cable products (contribution: +3.6%)

• H1 21 adj. EBITA margin up +232 bps at 5.6% (above H1 19 margin of 4.7%) from digital penetration (22.6% of sales in Q2 21, up +123, bps including 33.2% of sales in Europe), price increase management and operational excellence. It demonstrates the result of our profound transformation over the last 5 years.

• recurring net income of €241.7m up +192.9% in H1 2021, from all-time high EBITA performance and optimized balance sheet

• positive free cash flow before interest and tax of €116.3m in H1 2021 (€-17.3m in H1 2019) from robust operational results and active management of Working Capital

The Group’s sales were €12.6 billion in 2020. Rexel is rated A- in the 2020 CDP Climate Change assessment and ranked in the 2020 CDP Supplier Engagement Leaderboard.

On September 1, Patrick Berard will be succeeded by Guillaume Texier, most recently Saint-Gobain’s SVP, CEO France, Southern Europe, Middle-East and Africa.

For more information, visit

Related Articles

Changing Scene

  • IMARK Canada Appoints Jennifer Eastman as New President

    IMARK Canada Appoints Jennifer Eastman as New President

    IMARK Canada has recently appointed Jennifer Eastman to the position of President, IMARK Canada, effective January 2, 2024. The IMARK Canada Board of Directors considered and interviewed many qualified candidates. Jennifer was selected based on her vast and varied knowledge of both the electrical wholesaling and manufacturing industries. Her career spans over 35 years, in… Read More…

  • LML EBH Hockey Night Hosted by E.B. Horsman & Son at Scotia Barn

    LML EBH Hockey Night Hosted by E.B. Horsman & Son at Scotia Barn

    On December 1st, E.B. Horsman & Son invited suppliers and customers to play at its LML EBH Honey Night at the Scotia Barn. It was reportedly a great game between the EB Horsman Blues vs. White. E.B. Horsman & Son gives thanks to everyone that came out to the event. Read More…

Peers & Profiles

  • Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…