Rexel sales on track for 2013

ELECTRICAL supplies distributor Rexel, yesterday reported a drop in first quarter revenues which it blamed on unfavourable currency effects as well as the timing of its reporting period.

For the first three months of the year, revenues fell 2.3 per cent to €3,154m compared to €3,227m for the same period a year ago.

Despite the drop, Rexel said it was confident that it would achieve its targets for the full-year. It said it expected organic sales to return to growth in the second half.