Rexel raises its outlook as data centers and electrification lift demand

Rexel upgraded its annual targets after US data-center demand and Europe's electrification push helped third-quarter sales rise 11.4%.

By TomorrowNews · AI-assisted briefing
Source published 22 Oct 2026 · Briefing published 23 October 2026

Original conceptual electrical-distribution warehouse connecting a data center and electrified city — AI-generated illustration — not a photograph of the event. Conceptual editorial rendering, not documentary evidence. · TomorrowNews / AI-generated illustration

The French electrical-equipment distributor said sales for the first nine months reached €15.44 billion, up 7.3%. US sales rose 10.7% to €6.08 billion, while Europe increased 3.2% to €7.15 billion.

Rexel now expects full-year sales growth of about 7%, compared with its previous target of about 5%, and an adjusted EBITA margin of at least 6.4%. Management linked US momentum to hyperscale data centers and European growth to heat pumps, solar panels, EV chargers and air conditioning.

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