Rexel First-Quarter 2023 Sales

May 1, 2023

STRONG START TO THE YEAR WITH SAME-DAY SALES UP +10.1%, DRIVEN BY BOTH VOLUME AND PRICE INCREASES

QUARTER BOOSTED BY SUSTAINABLE ELECTRIFICATION TRENDS ACROSS THE GROUP

FULL-YEAR 2023 GUIDANCE CONFIRMED

→ Sales of €4,927.9m in Q1 2023, up +10.1% on a same-day basis

  • Positive trends in all geographies, benefiting from strong demand in energy transition activities
  • Electrification products represented c.22% of Group revenues and grew by c.+31% in the quarter, c.560bps contribution to Group sales

→ Same-day sales growth supported by both volume increase (410bps contribution) and increased selling prices (604bps including -60bps on copper-based cable products)

→ Sales up +12.6% on reported basis, benefiting from a favorable calendar effect (+1.0%) and scope effect (+0.5%) with positive impact from acquired companies more than offsetting disposal effects

→ Digital sales represented 27.4% of total sales in Q1, up +320 bps

→ Full-Year 2023 guidance confirmed

“Rexel has gotten off to a good start this year, with double-digit growth in sales, driven by positive trends in all geographies and solid increases both in volumes and in prices, reflecting the excellent work of our teams across the Group. Growth was also supported by powerful electrification trends. We continue to see high and growing demand in all geographies for energy efficiency and electricity generation solutions, electrification usages and industrial automation. These trends are supported by several drivers, including government stimulus plans and regulations, corporate energy transition agendas and general concerns from our customers over the price of energy and its availability. This strong and resilient electrification tailwind allows us to confirm our full-year 2023 guidance.”

Guillaume Texier, CEO of Rexel

Source

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