Rexel stock rises 2.13 percent as 2026 guidance improves

Rexel stock (ISIN FR0010451203) closed at EUR 37.36 on Euronext Paris on September 22, 2026, up 2.13 percent from EUR 36.58. The move followed a stronger 2026 outlook, with first-half revenue of EUR 9,989 million and adjusted EBITDA of EUR 827 million for the period ended June 30, 2026.

Guidance moves toward five percent growth

According to Ideal Investisseur on September 22, 2026, Rexel raised its 2026 constant-day sales growth objective to approximately 5 percent from an initial range of 3 to 5 percent. The company also maintained adjusted current EBITA margin guidance of at least 6.2 percent and free-cash-flow conversion above 65 percent.

The first-half figures provide the operating base for that outlook. Revenue growth was 2.2 percent, adjusted EBITDA reached EUR 827 million with an 8.4 percent margin, net income was EUR 340.3 million, and free cash flow amounted to EUR 247.3 million in the first half of 2026, according to Ideal Investisseur.

Debt is the counterweight

The improvement in sales guidance comes with a financing constraint. Net financial debt stood at EUR 3,322 million at June 30, 2026, EUR 690 million higher than at December 31, 2025, while operational working capital rose to 16.3 percent of sales from 15.9 percent in the first half of 2025, as Ideal Investisseur reported on September 22, 2026.

Foreign exchange also reduced reported sales by 2.6 percent during the first half of 2026. For investors, the comparison between the higher full-year sales objective and the 2.2 percent first-half growth makes execution in the second half central to the valuation discussion.

Stock tests EUR 37.95 resistance

Rexel shares had gained nearly 6 percent over the week ended September 22, 2026, and the closing price of EUR 37.36 was close to the EUR 37.95 resistance level identified in Ideal Investisseur on September 22, 2026. That level had been tested several times since early September without a close above it.

Rexel stock closed at EUR 37.36 on Euronext Paris on September 22, 2026. The 2.13 percent daily increase and the EUR 37.95 chart level leave the stock's next move dependent on whether the improved 2026 operating target translates into stronger second-half delivery.

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