Rexel Sa Ord (RXLSF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, this is the conference operator. Welcome, and thank you for joining the Rexel First Quarter 2026 Sales Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. If anyone needs assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Guillaume Dessier, Group CEO of Rexel. Yes, go ahead, sir. Yes, good morning, everyone, and thank you for joining us today for our first quarter 2026 sales presentation. I appreciate you making the time to be with us this morning. As always, I'm joined by Laurent Delabarre, our group CFO, who will walk you through the detailed sales figures in just a few minutes. But first, I'd like to take a look at the key highlights of the quarter, and then I will conclude this presentation by sharing how our strategy and ongoing transformation continues to support our performance while navigating an uncertain macro environment. With that, let's get started. I'm on slide three, and I could summarize the first quarter as follows. A solid start to the year with all three geographies in clear positive territory for the first time in the last 11 quarters. As you know, the quarter was also marked by the Middle East crisis, with some impacts, albeit still limited. I will return my concluding remarks to the potential risks and opportunities that could emerge if the conflict were to last. Overall, compared to our initial expectations, we benefited in the quarter from a better pricing contribution, offsetting temporary volume softness, mainly due to weather effects, project timing, and business selectivity in some countries. The better selling p...