Rexel Q1 Sales Miss Forecast, Up 3.4%

Rexel SA posted Q1 revenue €4,737 million, organic same‑day growth 3.4%, missing analyst expectations by 1%.
Pricing drove 2.8% of sales growth while volumes added 0.6%, with weakness blamed on weather and timing in North America and Europe.
Regional performance: Europe +0.6% (Benelux +3.9%, France +2.0%); Germany -1.8%; North America +5.8%; Asia‑Pacific +11.4% (Australia +16.7%, India +14.7%).
Rexel kept full‑year outlook of 3‑5% same‑day sales growth, ~6.2% adjusted EBITA margin and free‑cash‑flow conversion above 65%.