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