Rexel has released their results for the full year of 2015. Their performance was in line with it’s outlook, with a proposed dividend of €0.40 per share, payable in cash.
Rexel’s sales were €13.5 billion ($15.2 billion USD), up 5.6 percent on a reported basis and down 2.1% on a constant and same-day basis. The adjusted EBITA margin was 4.4 percent.
Recurring net income was €269.4 million ($302.8 million USD), down 7.1 percent.
Rudy Provoost, Chairman and CEO, said “Despite a persistently challenging business environment, Rexel posted a solid full-year performance. The 2015 results clearly confirm the resilience of Rexel’s business as well as its ability to generate strong cash flow throughout the cycle.
“Taking into account low copper and oil prices, the slowdown of the Chinese economy and the uncertainty around the North American industrial market, the start of 2016 leads us to be cautious in our guidance for the year, even if Europe could experience a slight gradual recovery throughout the year.”
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