Rexel Reports Best Sales Growth Since 2022

PARIS — Rexel today reported its third-quarter 2026 financial results.

Sales of €5,453M [USD 6,118.27] in Q3 2026, up +11.4% on a like-for-like basis

• Strong sequential acceleration driven by North America, and more specifically by the United States
• Sustained momentum in the United States in high-growth segments, with a significant contribution from data centers
• A well-balanced contribution between volume and price
• Continued positive trends in Europe, driven by our strong position in the energy transition

Rexel has signed an agreement to acquire GCG in the United States, its largest transaction in over 15 years and its fourth in North America by 2026, further strengthening the Group’s profile

• The acquisition was financed through a successful €500 million capital increase.
• The operation is expected to be finalized by the end of 2026.

2026 targets raised for the second time:

Like-for-like sales growth of approximately 7% (vs. approximately 5% previously), adjusted current EBITA margin of at least 6.4% (vs. at least 6.2%), and free cash flow conversion exceeding 65%

Rexel recorded its strongest quarterly sales growth since 2022, confirming the acceleration of our growth trajectory. This performance was driven by the United States, where our exposure to data centers and other attractive markets, combined with an increasingly differentiated value proposition, enabled us to capture particularly strong demand. Europe and Asia-Pacific also maintained positive momentum, demonstrating the resilience and diversification of our portfolio. These results illustrate how our strategic repositioning towards high-growth segments and value-added services has transformed Rexel’s business model and increased its visibility. The acquisitions completed and announced in 2026, notably GCG, will further accelerate our transformation. This very solid performance allows us to raise our targets for the whole of 2026 for the second time and reinforces our confidence in our ability to generate sustainable profitable growth and to continue to create value through the execution of our Axelerate 2028 roadmap. ~ Guillaume Texier, General Manager