Rexel Sa Ord (RXLSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, this is the conference operator. Welcome, and thank you for joining the Rexel second quarter and first half 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. 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, Phil. Thank you. Hello and good evening, everyone. Thank you for joining us today for Excel's second quarter sales and first part 2026, the results call. So as you saw in the figures that we just released, we delivered a strong performance in H1, both in sales and profitability. And beyond the figures, what is particularly satisfactory for us is that those results The direct results of actions we have taken over the last few years in terms of portfolio positioning, growth initiatives, and operational excellence actions. Laurent will cover the financials in detail. Before that, I will highlight the strategic teams behind the members, and I will come back, obviously, with our concluding remarks and outlooks. So, shifting to slide three, I will share the main messages that summarize our strong first half performance. First, sales reached almost 10 billion euros for the first time and North America became our biggest platform in the second quarter. Second, same-day sales growth accelerated, up plus 6.7% in Q2. This results from our targeted investment in high-growth segments that are becoming increasingly visible. Third, sales momentum, productivity and discipline execution are supporting margin progression with adjusted EBITDA up 40 bits at 6.2% and non...