Rexel Sa Ord (RXLSF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening ladies and gentlemen and welcome to the Rexel second quarter and half year 2025 results conference call. As a reminder all participants are in listen only mode. After the presentation there will be an opportunity to ask questions. Should anyone need 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 Texier, Group CEO of Rexel. Please go ahead, sir. Thank you. Good evening, everyone, and welcome to Rexel's first half 2025 results conference. Thank you for joining us today, especially during this busy results season. I'm here with Laurent Delabarre, our CFO, and together we'll take you through the key highlights of the first half and the second quarter, a period that saw Rexel gain momentum with accelerating sales growth driven by stronger volumes in North America and continued progress in our digital transformation. After a brief overview of our operational and strategic highlights, including our resilient profitability, strong cash conversion, and the successful execution of our M&A strategy, Laurent will provide a detailed review of our financial performance. I'll then return to discuss our outlook for the rest of 2025 and share an update on the additional initiatives we've launched to support our mid-term ambitions as outlined in our Accelerate 2028 roadmap. and we'll then be happy to take your questions. Let's get started. Let me walk you through our key highlights for the first half of 2025, which clearly demonstrate Rexel's ability to deliver robust results in a mixed environment. First, sales for H1 reached 9.8 billion euros, up 1.6% on a same-day basis. This positive momentum accelerated in the second quarter with gr...