Rexel Sa Ord (RXLSF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today for our first quarter 2025 sales presentation. I appreciate you making the time to be with us. And as always, I'm joined by Laurent Delaba, our group CFO, who will walk you through the detailed sales figure in just a few minutes. But first, I'd like to take a look at the key highlights of the quarter and share how our transformation continues to support our growth and performance, even in a complex and evolving environment. Returning to slide 3, I'm pleased to say that Rexel has returned to positive growth after five consecutive quarters of same-day sales decline. In Q1 2025, we delivered a solid plus 1.4% same-day sales growth, driven by sustained strength in North America and encouraging improvements across Europe. Digital continues to be a key growth lever. In this quarter, digital sales reached 33% of total revenue, an increase of over 240 basis points year-over-year. This reflects the growing adoption of our digital tools across all geographies and customer types. On pricing, we saw an 80 basis point contribution to growth with improving conditions in all regions. In particular, solar pricing recovered sequentially versus the end of last year. though conduit pricing in North America remains deflationary. Altogether, this performance highlights the resilience of our model and the engagement of our teams as we continue to execute our strategy. Let me briefly touch on tariffs. While the impact on our Q1 numbers was limited, we began to see early supplier price increases linked to new tariffs. We will come back to that at the end of the presentation. Turning now to slide four, let me take a moment to discuss our capital allocation strategy. In line with the roadmap we shared at our 2024 Capital Market Day, w...