Rexel Q3 net income up

Rexel SA, a France-based company engaged in the distribution of electrical parts and supplies, has reported that net income attributable to equity holders of the parent for the third quarter ended September 30, 2012 was E84.7 million, compared to E83.6 million, for the third quarter ended September 30, 2011.

Sales for the third quarter ended September 30, 2012 were E3.44 billion, compared to E3.21 billion for the third quarter ended September 30, 2011.

Net income attributable to equity holders of the parent for the nine months ended September 30, 2012 was E235.7 million, compared to E255.3 million, for the nine months ended September 30, 2011.

Sales for the nine months ended September 30, 2012 were E10.01 billion, compared to E9.37 billion for the nine months ended September 30, 2011.

Rudy PROVOOST, Chairman of the Management Board and CEO, said: "In the past quarter, we demonstrated the resilience of our business model despite a challenging environment. Supported by acquisitions and driven by our Energy in Motion initiatives, Rexel posted solid growth in reported sales and reported EBITA.

"The strategic acquisition of Munro announced today is a further demonstration of our commitment to increase our footprint in the US market and expand our offer in Energy Efficiency solutions. In an increasingly uncertain macroeconomic context, we target mid- to high- single-digit growth in reported sales and reported EBITA for the year and confirm our targets of profitability and cash generation with an adjusted EBITA margin of 5.7% and free cash-flow before interest and tax of around E600m."