PARIS — Rexel reported third-quarter 2025 sales of €4.758 billion ($5.56 billion), up 3.0% on a same-day basis, marking the company’s sixth consecutive quarter of sequential growth. The increase was fueled by strong performance in North America and gradually improving trends in Europe. The company reaffirmed its full-year 2025 outlook, pointing to steady progress across key markets and ongoing execution of its Axelerate 2028 strategy.
→ Q3 25 sales of €4,758m ($5.56b), up +3.0% on a same-day basis
- North America up +7.4% on a same-day basis
- High-growth verticals (datacenters and broadband infrastructure) contributing to more than 50% of the growth in the US
- Continued investment to accelerate penetration in those verticals: new datacenter-focused distribution center in Reno (NV), expansion of Talley in Canada
- Good pass-through of tariff-related price increases in a competitive US market
- Europe decreased by (0.5)% on a same-day basis; a sequential improvement in a soft market
- Sequential improvement in France, Benelux & DACH with some positive macroeconomic green shoots (housing starts, transactions)
- Market-share gains in key markets
- Asia-Pacific decreased by (0.5)% on a same-day basis, sequentially improving
- Pricing contributing for +140bps to sales growth, consistent with Q2 25
→ Continued implementation of our Axelerate 2028 strategy
- Digital penetration progressing by +136bps over the quarter
- Accelerated initiatives to harness the power of AI tools in our operations for the benefit of our customers
- Active capital allocation strategy, with the completion of the disposal of Finland activities in September, the issuance of a €400m Senior note due 2030, and €50m dedicated to share buybacks since the beginning of the year
→ FY25 sales growth is now seen as “slightly positive” vs 2024 (narrowed from “stable to slightly positive”). Full-year profitability and cash flow guidance are also confirmed in an environment that remains competitive.
Tagged with Biggest News, financial results, RexelQ3 was in line with the trends observed since the beginning of the year, with growth improving steadily in both North America and Europe. We are happy that our past strategic initiatives are paying off – for example in the North American datacenter and in datacom infrastructure market. The sequential improvement seen in Europe and Asia-Pacific demonstrates the strength, resilience and agility of the new Rexel in persistently soft conditions. As we continue to execute our Axelerate 2028 roadmap, we are delivering on our commitments, combining disciplined portfolio management, operational excellence and strategic investments in high-growth areas. This reinforces our confidence in achieving our full-year objectives and our mid-term ambitions.
Guillaume Texier
Chief Executive Officer