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Investing.com -- Rexel posted a 1.6% rise in first-half 2025 sales on a same-day basis, supported by stronger volumes in North America and early pricing benefits from U.S. tariffs.
Second-quarter sales rose 1.8% on the same basis, as North American activity improved and non-cable selling prices increased 0.9%.
While the European market remained challenging, Rexel (EPA:RXL) said it achieved market share gains in key countries.
Digital sales rose to 33.6% of the Q2 total, up nearly two percentage points year-on-year.
“Our teams delivered solid performance across the board, capitalizing on high-growth segments such as datacenters and broadband infrastructure and achieving market-share gains in key European countries despite continuing softness in demand,” said Chief Executive Guillaume Texier.
Rexel reported a current adjusted EBITA margin of 5.8% for the first half, citing further productivity initiatives.
First half operating income for the period was €505.7 million, down from €576.8 million a year earlier, while recurring net income slipped to €307.9 million from €340.8 million.
Texier added: “Our recent performance as well as the additional initiatives that we have launched strengthen our confidence in our ability to deliver on our midterm objectives, thanks to the value-creating potential of our Axelerate 2028 roadmap.”
Looking ahead, the company maintained its full-year guidance, expecting stable to slightly positive same-day sales growth and current adjusted EBITA margin at around 6%.