REXEL : ANNUAL RESULTS 2017

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The 1.5% decrease in sales on a reported basis included:

The 1.1% increase in sales on a reported basis included:

As a result, stood at €159.3m, up 8.7% in Q4.

In Q4, stood at €162.4 million (including a €3.1m positive one-off copper effect), up 5.5% year-on-year.

Opex (incl. depreciation) were broadly stable year-on-year at 20.1% of sales.

As a result, adjusted EBITA stood at €580.1m, up 6.1% at 4.4% of sales, up 13bps year-on-year. Excluding South East Asian operations (fully divested in 2017), adjusted EBITA grew by 7.5% in full-year 2017.

Restated for those net charges, net financial expenses decreased from €130.0 million in 2016 to €116.2 million in 2017. This largely reflected lower average debt year-on-year and lower average effective interest rate, thanks to the various refinancing operations. The average effective interest rate on gross debt decreased by 37bps year-on-year in 2017 to 3.2% (vs. 3.5% in 2016).

It took into account:

Rexel will propose to shareholders a dividend of €0.42 per share, 2 cents higher compared to last year and representing 44% of the Group's recurring net income (vs. 48% last year). This is in line with Rexel's policy of paying out at least 40% of recurring net income.

This dividend, payable in cash early in July 2018, will be subject to approval at the Annual Shareholders' Meeting to be held in Paris on May 24, 2018.

April 27, 2018                                    First-quarter results

May 24, 2018                                     Annual Shareholders' Meeting

July 31, 2018                                      Second-quarter and half-year results

October 31, 2018                             Third-quarter and nine-month results

The financial report for the period ended December 31, 2017 is available on the Group's website (), in the "Regulated information" section, and has been filed with the French.

A slideshow of the fourth-quarter and full-year 2017 results is also available on the Group's website.

Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. The Group supports its residential, commercial and industrial customers by providing a tailored and scalable range of products and services in energy management for construction, renovation, production and maintenance.

Rexel operates through a network of some 2,000 branches in 26 countries, with more than 27,000 employees. The Group's sales were €13.3 billion in 2017.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also part of the following SRI indices: FTSE4Good, STOXX® Global ESG Leaders, Ethibel Sustainability Index Excellence Europe, Euronext Vigeo Eiris Eurozone 120 and Dow Jones Sustainability Index Europe, in recognition of its performance in corporate social responsibility (CSR).

For more information, visit Rexel's web site at

For appendices, please open the PDF file by clicking on the link at the end of the press release.

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Globe Newswire: 06:31 GMT Wednesday 14th February 2018

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