Rexel SA (RXL:EN Paris) of Paris reported third quarter sales of €3.3 billion ($4.2 billion USD), up 2.2 percent over the same period last year. The company saw strong sequential improvement in constant and same-day sales and said in a press release that its North American sales improved by 5.5 percent during the quarter (versus the third quarter of 2013). Its European sales increased by 1.3 percent compared to the same period last year and Asia-Pacific sales retreated by 2.6 percent.
“Rexel’s third quarter sales showed positive momentum, particularly in North America, while the operating margin was impacted by unfavorable mix effects on gross margin, transition costs related to the implementation of our business transformation program and increased investments to accelerate profitable growth in strategic areas,” said Rudy Provoost, chairman and CEO, in the release.
“Our year-to-date performance puts us on track to achieve the full-year targets defined in our July outlook and we remain determined to realize our medium-term goals and implement our strategy focused on improving commercial effectiveness, enhancing customer centricity, driving operational excellence and strengthening our business portfolio.”
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