PARIS (Agefi-Dow Jones) – Electrical equipment distributor Rexel announced on Wednesday that it had exceeded its targets for 2021 thanks to better-than-expected sales activity in the fourth quarter.
The group said it had achieved 15.3% growth in sales over the whole of 2021 on a constant number of days, against a previous forecast of between 12% and 15%. Rexel said it had benefited from “a dynamic recovery, particularly in the United States”, also supported by “the rise in inflation”.
The adjusted current operating profit margin (EBITA) stood at 6.2% in 2021, while the group expected to reach a rate of 5.7%. Rexel indicated that this rate of 6.2% included an exceptional impact of 40 basis points of non-recurring effects.
For 2022, the group said start the year with significant order books, “driven by healthy underlying demand and projects that were postponed from last year due to the low availability of labor. ‘work and tensions in the supply chain “.
Rexel also estimated that its action plans should enable it to increase its EBITA margin in 2022 beyond 6%, which represents an improvement of more than 20 basis points compared to the rate of 5.8 % of 2021, excluding exceptional items. Rexel would thus be one year ahead of its 2023 target.
The group will publish the detailed results for its 2021 financial year and its outlook for 2022 on February 11.
-Julien Marion, Agefi-Dow Jones; +33 (0) 1 41 27 47 94; [email protected] ed: VLV
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January 12, 2022 02:07 ET (07:07 GMT)