Rexel stock gained 3.45 percent as EUR 500 million raise closed

Published on 10/04/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rexel raised EUR 500 million for its GCG acquisition on September 29, 2026. H1 sales reached EUR 9.99 billion and adjusted EBITA margin hit 6.2 percent.

Bauhaus-Poster mit geometrischen Formen und dem Wort ELECTRICAL — Geometrisches Bauhaus-Poster mit Sektor-Schriftzug verweist symbolisch auf Rexel S.A. (FR0010451203) und dessen Elektrobranche, Illustration mit AI erstellt.

Rexel stock gained 3.45 percent to EUR 35.38 on Euronext Paris on October 2, 2026, after the electrical distributor completed a EUR 500 million capital increase. The financing gives Rexel equity support for its planned acquisition of GCG while also bringing dilution into the investment case.

EUR 500 million funds GCG deal

According to GlobeNewswire on September 29, 2026, Rexel placed 14,388,490 new shares at EUR 34.75 each. The new shares represented 4.6 percent of the share capital before the issue, and the proceeds are intended to partially finance the acquisition of GCG, a US specialty wire and cable distribution platform.

The transaction also sets a clear balance-sheet objective: Rexel said the proceeds should support a net financial debt to EBITDAaL ratio of 2.0x from 2027. Settlement was scheduled for October 1, 2026, and the new shares carry the same ISIN as the existing stock.

H1 sales reach EUR 9.99 billion

Rexel's operating backdrop had already improved before the financing. Simply Wall St reported that first-half 2026 revenue reached EUR 9.99 billion, up 2.2 percent from the prior-year period. Net income rose 31 percent to EUR 342.1 million, while profit margin increased from 2.7 percent to 3.4 percent.

The H1 earnings call added an operational comparison. According to Yahoo Finance, same-day sales growth accelerated from 3.4 percent in Q1 2026 to 6.7 percent in Q2, while adjusted EBITA margin reached 6.2 percent, 40 basis points higher than before. Management raised its 2026 same-day sales growth goal to 5 percent from a previous range of 3 percent to 5 percent.

Analysts see EUR 41.06 target

Investing.com shows a Buy consensus from 11 analysts, with 8 Buy ratings, 2 Hold ratings and 1 Sell rating. The average 12-month price target is EUR 41.06, with a high of EUR 46.00 and a low of EUR 30.00; the average target lies 16.1 percent above the October 2 price.

The main counter-factor is execution. The equity raise reduces financing pressure, but the GCG transaction remains subject to conditions precedent, while Rexel's own release lists dilution, share-price volatility and integration risks among the relevant risks.

Rexel stock remains below yearly high

Rexel stock was last at EUR 35.38 on Euronext Paris on October 2, 2026 at 5:35 p.m. CEST, with volume of 996,768 shares. The price stood 11.1 percent below the 52-week high of EUR 39.80 and above the 52-week low of EUR 27.41.