Rexel Reports Third Quarter 2013 Results

Rexel reported third quarter sales of $3.3 billion EUR ($4.5 billion USD) for the third quarter of 2013. After experiencing slight sales dips during the first and second quarters of this year, Paris-based Rexel recorded its first positive gains for 2013 with a 2.7 percent increase in sales compared to the third quarter of 2012.

According to the company, Rexel’s sales grew by 1.5 percent in the U.S., 1.2 percent in China, and 2.4 percent in Brazil during the third quarter. The firm’s organic sales remain at 2-3 percent lower than last year’s level, and its adjusted EBITA margin was between 5.5 and 5.6 percent.

“Our performance in Q3 remained very resilient, despite a persistently tough environment in both Europe and the Pacific region,” said Rudy Provoost, CEO and chairman of the board, in a press release. “Continued growth in the U.S. and emerging markets supported a sequential improvement in sales trends quarter after quarter. Thanks to our solid operational efficiency and ongoing cost discipline, we succeeded in containing the impact of lower sales on our profitability and generated a robust operating margin.”

In the first nine months of 2013, Rexel recorded sales of $9,723.8 million EUR ($13.28 billion USD), down 2.9 percent on a reported basis and down 3.2 percent on a constant and same-day basis. Excluding the negative impact due to the change in copper-based cable prices, Rexel’s sales were down 2.5 percent on a constant and same-day basis.

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