Second-Quarter Sales & Half-Year 2022 Results: Record Performance

CEW 1 rexel 400

August 3, 2022

Robust activity with same-day sales growth of +12.0% in Q2 2022. Historically high adjusted EBITA, results and & FCF for a first half. FY 2022 upgraded guidance confirmed.

  • Sales of €4,705.4m in Q2 2022, up +12.0% on a same-day basis. Robust activity notably driven by electrification trends, increased digital penetration, volume growth in North America and higher non-cable selling price in all geographies
  • Record H1 adjusted EBITA of €703.7m up +63.4% and adjusted EBITA margin at 7.7% (up +228 bps) from robust activity (actual-day sales growth of +15.3%) coupled with continued effects of Rexel’s operational excellence program as well as price pass-through. Adjusted EBITA includes c. 86 bps of positive one-off effects from inventory price inflation on non-cable products, net of higher performance-linked bonuses
  • Recurring net income of €471.1 million, up +94.9% in H1 2022, reaching an all-time high
  • Record positive Free Cash Flow before interest and tax of €231.6m in H1 2022 (€116.3m in H1 2021). Lowest-ever first-half indebtedness ratio at 1.26x 
  • FY 2022 guidance confirmed, supported by record-high backlog, easier base effect in Europe in H2 and China back to positive territory
  • Active portfolio management with 2 acquisitions and 2 disposals, fully in line with Rexel’s strategy. The combined net effect is positive on sales, profitability and ROCE
  • SBTi validated Rexel’s 2030 & 2050 Greenhouse Gas emission targets to reach net-zero across the value chain
  • Implementing PowerUP 2025 plan to strengthen the organization and further increase the resilience of Rexel’s model


“I am very pleased that Rexel again posted record results in H1 2022, demonstrating the robustness of our business model in an environment still marked by solid demand, but also high product cost increases and continued supply chain challenges. The electrification trends that we have highlighted during our Capital Markets Day are clearly at play and benefiting us. To reinforce Rexel even further in an environment of economic uncertainty, we started actively implementing our Power Up 2025 strategic plan. By continuously increasing digital sales, focusing on electrification trends and ESG, and concentrating our portfolio on our strengths, as we have done with two acquisitions and two divestments, we will continue to enhance our growth profile and further reinforce our resilience and our agility.” – 
Guillaume Texier – CEO of Rexel

Source

Related Articles


Changing Scene

  • E.B. Horsman & Son Announces Maxim Laberge as New Process Instrumentation Manager

    E.B. Horsman & Son Announces Maxim Laberge as New Process Instrumentation Manager

    EB Horsman is excited to welcome Maxim Laberge as its new Process Instrumentation Manager. Maxim brings over 25 years of experience in electrical, instrumentation, and control systems, with a proven record in business development, client engagement, and strategic project leadership. He is known for his consultative approach, combining technical insight with a strong focus on… Read More…

  • E.B. Horsman & Son Announces Stephen Murray as New Calgary Branch Manager

    E.B. Horsman & Son Announces Stephen Murray as New Calgary Branch Manager

    EB Horsman & Son is pleased to announce the appointment of Stephen Murray as Branch Manager of its Calgary location, effective Tuesday, September 3, 2025. Stephen brings over two decades of experience in the industrial automation sector, where he has built a strong reputation for driving growth, expanding market presence, and developing high-performing teams. His… Read More…


Peers & Profiles