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Rexel raises sales and margin targets as US data-centre demand accelerates

Rexel ($RXL) increased its 2026 guidance after third-quarter sales reached €5.45 billion, up 14.6% as reported and 11.4% at constant currencies and on a same-day basis. US sales grew 18.2% on the latter measure, with data-centre revenue more than doubling and accounting for approximately 13% of US sales. Europe increased 4.5%, and Asia-Pacific grew 15.8%. The electrical distributor now expects full-year same-day sales growth of about 7%, compared with roughly 5% previously, and a current adjuste

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Rexel launches approximately €500 million equity raise for GCG deal

Rexel ($RXL) has launched an accelerated share placement seeking approximately €500 million to help finance its agreed acquisition of GCG. The new shares will be offered to qualified investors without existing shareholders receiving preferential subscription rights or a priority period. Pricing and the final number of shares will be determined through the bookbuilding process. The equity component complements planned funding from cash and debt and is intended to help preserve credit quality and

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