| Eurazeo Press Releases Investment Press Releases Presentations Video Presentation Annual Reports Logotype | ||
| NAV and Portfolio Private equity Accor ANF APCOA B & B ELIS Europcar Rexel Fraikin Colyzeo Eurazeo Partners Gruppo Banca Leonardo Intercos Sirti Ipsos Fonroche | ||
| Rexel | http://www.rexel.com France - Investment : 464 million euros - 21,4 % |
||
| 2009 Revenues | |
€11,307 million, (-12.1% as reported, -17.2% on comparable basis and at the same number of days). |
|
| 2009 EBITA | |
€450 million, or 4.0% of revenues |
|
| Highlights of 2009 | |
| • Excellent resilience of operating performances under very challenging economic conditions. | |
| • Financial structure and flexibility have been improved (renegotiation of bank covenants, return to the bond market and renegotiation of the company’s senior credit agreement) to finance possible acquisitions. | |
| Economic conditions | |
| The residential, industrial and commercial end-markets, which had begun to decline in 2008, continued to worsen in early 2009 before stabilizing during the second quarter. The end-user residential (especially in the United States) and industrial (especially in Germany and in several specific segments) markets showed a few signs of turning around at the end of 2009, and offer the company hope for a recovery during the second half of 2010. The end-user commercial market remains under pressure, and is not expected to recover any time before 2011. | |