Full Year 2025 Rexel SA Earnings Call Transcript
Key Points
- Rexel SA (RXEEY) achieved a 2.5% same-day sales growth, exceeding initial guidance.
- The company maintained a solid adjusted EBITDA margin of 6%, demonstrating margin resilience.
- Strong cash generation with a free cash flow conversion rate of 76%, surpassing the guidance of above 65%.
- Rexel SA (RXEEY) gained market share across key markets, particularly in North America and Europe.
- The company is actively managing its portfolio with strategic acquisitions and disposals, enhancing its profitability profile.
- The European market remained weak, particularly in residential construction, impacting overall performance.
- North America faced uncertainties and a delayed recovery in industrial automation.
- Asia Pacific markets remained subdued, contributing to a challenging environment.
- The company anticipates a slightly negative inflation gap, with cost inflation expected to outpace selling price increases.
- Rexel SA (RXEEY) faced a EUR124 million French antitrust fine, impacting cash flow.
Good evening. This is the conference operator. Welcome, and thank you for joining the Rexel fourth-quarter sales and full-year 2025 results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Guillaume Texier, CEO of Rexel. Please go ahead, sir.
Good evening, everyone, and thank you for joining us today for our full-year 2025 results presentation. I'm with Laurent Delabarre, our Group CFO, who will take you through the financials and the detailed numbers in a few minutes. And before that, let me briefly set the scene and share the key messages.
The 2025 was another year of market outperformance and margin resilience, and this is a particularly remarkable outcome as it was delivered in a mixed environment. It also clearly demonstrates the transformation of Rexel's model that is underway and gathering pace.
Beyond the results, an additional element of satisfaction is that behind the scenes, we continue to take initiatives
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