Rexel 3Q Sales Slow Further to 2.6% Growth - Modern Distribution Management

Log In

Rexel 3Q Sales Slow Further to 2.6% Growth

For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%, while sales in Europe were $2.38 billion, an increase of 3.4%.

On Oct. 20,  France-based electrical distributor Rexel reported its 2023 third-quarter earnings, including sales of approximately $4.94B, up 2.6% over the same period in 2022.

The slowdown in sales growth follows 6.2% sales growth in the second quarter.

For 3Q 2023, sales in North America were $2.21 billion, an increase of 2.7%. North American sales growth was 4.4% in 2Q 2023. Sales in Europe were $2.38 billion, an increase of 3.4%. Sales in the Asia-Pacific region were $344 million, a 2.7% decline.

Rexel said volumes were up 2.3% during 3Q 2023 because of high electrification comparable base and more mixed market environment, “demonstrating the strength of Rexel’s market positioning. The company also cited favorable pricing environment on non-cable products, up 1.3% in the quarter.

“Quarter after quarter, the Rexel teams demonstrate their ability to deliver consistent profitable growth,” said Guillaume Texier, Rexel CEO. “It is particularly satisfying that this growth was achieved this past quarter despite a less favorable environment and on the back of a particularly high 2022 comparable base. 2023 is unfolding according to plan and we confirm our full-year guidance, which we upgraded in July. The second half should provide further affirmation that the group’s transformation is delivering results. Our relentless focus on cash generation, efficiency and margin optimization is paying off, while our initiatives on fast-growing electrification segments, advanced services and digital are building differentiation and mid-term growth potential.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.