Rexel Raises Outlook on Strong US Data Center Demand
French electrical equipment distributor Rexel raised its full-year targets for the second time this year following strong demand from US data centers and European electrification. Group sales rose 7.3 percent over the first nine months, driven by robust market growth.
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REXEL SA raised its full-year sales guidance to about 7% on Thursday after third-quarter sales rose 11.4%, driven by surging demand from United States data centres and France-headquartered operations across Europe. It is the company's second target upgrade this year. The performance highlights robust industrial demand that contrasts with wider financial market anxiety.
