First-Quarter 2021 Sales
“I am extremely pleased with the strong start to the year, demonstrating the relevance of the strategy we presented at our Capital Market Day and reflecting robust underlying demand from increasing electrical usage and the energy transition. The strong quarter also demonstrates the continuing increased effects of our deep digital transformation, as substantiated by the growth in digital sales penetration, now at 22.6% of sales. Our teams further demonstrated their agility and ability to adapt to a constantly changing environment, to react and deal with certain end markets still deeply affected by the pandemic as well as sudden price increases and scarcity of products. In this context, the role of the distributor in the value chain is again reinforced as we support customers in better managing the situation. Our Q1 sales together with trends we have seen in April reinforce our confidence in achieving our full year targets and medium-term ambition.”
Patrick Berard, CEO of Rexel