Rexel stock slips 2.44 percent below its yearly high

Rexel stock was trading at EUR 36.41 on Euronext Paris on September 24, 2026, down 2.44 percent and 8.52 percent below its 52-week high of EUR 39.80. The move puts the share price against a business outlook that has improved since the first half of the year.

H1 revenue reached EUR 9.989 billion

In its H1 2026 results published on July 27, 2026, Rexel reported revenue of EUR 9.989 billion, up 2.2 percent from the prior-year period, according to Ideal Investisseur. EBITDA reached EUR 827 million, with an 8.4 percent margin, while net income was EUR 340.3 million.

The operating comparison is important because Rexel also generated EUR 247.3 million in free cash flow during H1 2026. Net debt stood at EUR 3.322 billion, up EUR 690 million from December 31, 2025, which creates a counterweight to the stronger sales trajectory.

Guidance rises as debt climbs

Rexel raised its 2026 target for same-day sales growth to 5 percent from an earlier range of 3 percent to 5 percent. The company also expects an adjusted EBITA margin of at least 6.2 percent and free cash flow conversion above 65 percent, according to Ideal Investisseur.

Digital sales represented 35 percent of revenue in the H1 2026 update, a 160-basis-point increase. That mix shift gives Rexel a measurable growth lever, while the 16.3 percent operating working-capital ratio and higher net debt keep cash discipline central to the investment case.

Analyst target remains above the price

Goldman Sachs maintained a Buy rating on Rexel and set a EUR 44.00 price target on September 22, 2026, as reported by The Globe and Mail. The target is EUR 7.59 above the September 24 price, or 20.84 percent higher, giving the recommendation a clear numerical reference point.

Rexel stock trades below yearly high

At EUR 36.41 on Euronext Paris at 3:54 p.m. CEST on September 24, 2026, Rexel stock was down 2.44 percent for the session. The EUR 39.80 52-week high remains the relevant chart comparison, while the updated margin and debt figures define the next fundamental checkpoints.