Rexel stock gains 1.24 percent on September 25

Published on 09/25/2026 at 14:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rexel stock posted EUR 9,989 million in H1 2026 revenue on July 27, with reported sales growth of 2.2 percent. Goldman Sachs set a EUR 44.00 target.

Fotorealistisches Elektrogroßhandel-Lager mit Kabelrollen und Lagerarbeitern — Fotorealistisches Lagerhaus zeigt Rexel S.A. (FR0010451203) als führenden Distributor für Elektromaterial mit Kabelrollen, Illustration mit AI erstellt.

Rexel stock (ISIN FR0010451203) was trading at EUR 36.69 on Euronext Paris on September 25, 2026, up 1.24 percent from EUR 36.24. The move comes as investors weigh the distributor's higher 2026 targets against rising net debt and working-capital pressure.

H1 sales reached EUR 9,989 million

Rexel reported EUR 9,989 million in H1 2026 revenue, representing reported sales growth of 2.2 percent. The adjusted EBITA margin reached 6.2 percent, an increase of 40 basis points, while recurring net income rose 13 percent to EUR 347 million.

According to Yahoo Finance on July 27, 2026, second-quarter same-day sales growth accelerated to 6.7 percent, compared with 3.4 percent in the first quarter. That sequential improvement gives the margin increase a clearer operational context.

Guidance rises while debt climbs

Management set full-year 2026 same-day sales guidance at 5 percent, versus a previous range of 3 percent to 5 percent, and kept adjusted EBITDA margin guidance at least 6.2 percent. Free cash flow conversion guidance remained above 65 percent.

Ideal Investisseur reported that H1 2026 net debt reached EUR 3,322 million, up EUR 690 million from the end of 2025. The same report put digital sales at 35 percent of revenue, up 160 basis points, highlighting the tension between investment-led growth and balance-sheet discipline.

Analyst sentiment also provides a measurable reference point. According to The Globe and Mail, Goldman Sachs maintained a Buy rating and a EUR 44.00 price target, while Bernstein also cited EUR 44.00.

Stock stays below yearly high

At EUR 36.69, Rexel stock stood 7.81 percent below its 52-week high of EUR 39.80 and 38.78 percent above its low of EUR 26.46. Its market capitalization was EUR 10,790,776,731, with volume of 72,872 shares on September 25, 2026.

The next financial publication is scheduled for October 22, 2026, according to Rexel. That date gives the market a defined checkpoint for testing whether the 5 percent sales target and 6.2 percent margin floor remain credible.