Rexel: net income of E341m in FY 2024
(CercleFinance.com) - Rexel has reported FY 2024sales of E19,285.
1m, up +0.7% as reported, benefiting from the positive contribution of the acquisitions strategy. Sales were down 2.4% LFL and on a constant-day basis.
In Q4 2024, Rexel recorded sales of E4,893.1m, up +3.6% as reported and down 0.5% LFL and on a constant-day basis.
The adjusted current EBITA margin of 5.9% in 2024 was down -98 bp on 2023. Adjusted recurring EBITA came in at E1,131.7m (vs. E1,347.2m on a comparable basis in 2023), and recurring EBITA was E1,139.3m (including a positive non-recurring copper effect of E7.6m).
Net income came to E341m in 2024, while recurring net income was E662.3m.
For 2025, we are targeting: stable to slightly positive sales growth on a constant-day basis; an adjusted current EBITA margin of around 6%; and free cash flow of around 65%, excluding the E124m fine imposed by the French Competition Authority, which will be paid in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
1m, up +0.7% as reported, benefiting from the positive contribution of the acquisitions strategy. Sales were down 2.4% LFL and on a constant-day basis.
In Q4 2024, Rexel recorded sales of E4,893.1m, up +3.6% as reported and down 0.5% LFL and on a constant-day basis.
The adjusted current EBITA margin of 5.9% in 2024 was down -98 bp on 2023. Adjusted recurring EBITA came in at E1,131.7m (vs. E1,347.2m on a comparable basis in 2023), and recurring EBITA was E1,139.3m (including a positive non-recurring copper effect of E7.6m).
Net income came to E341m in 2024, while recurring net income was E662.3m.
For 2025, we are targeting: stable to slightly positive sales growth on a constant-day basis; an adjusted current EBITA margin of around 6%; and free cash flow of around 65%, excluding the E124m fine imposed by the French Competition Authority, which will be paid in 2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.