Rexel Shares Gain 3.29% to €37.03

Technical Rebound Before the May 11 Dividend

Rexel gains 3.29% to €37.03, while the CAC 40 advances by 0.49%. The stock marks a 6.96% increase over seven days and recovers part of the decline suffered after the revenue announcement on April 22, when the stock had fallen 3.67% despite a constant-day growth of 3.4%. The price moves back above the 50-day moving average at €35.01 and remains well above the 200-day moving average at €31.64. The RSI at 52 indicates a balanced momentum. The identified resistance at €38.48 is now about 4% from the current price. The next calendar event: the dividend detachment is scheduled for Monday, May 11, 2026, followed by payment on Wednesday, May 13.

North America Drives Momentum, Europe Remains Fragile

Today's rebound occurs in a context where the group's commercial geography remains contrasted. During the Q3 2025 announcement, Rexel confirmed its annual targets with an expected current adjusted EBITA around 6% and a free cash flow conversion of about 65%, excluding a fine of 124 million euros paid in April 2025. Among the levers mentioned: acceleration in the datacenter and high-speed infrastructure segments. Among the risks mentioned: persistent economic weakness in Europe, particularly in the United Kingdom, and the unfavorable effect of currency fluctuations. The macroeconomic backdrop remains sensitive, with Brent crude above $108 a barrel and the ECB maintaining its rates on April 30, signaling a simultaneous intensification of risks on inflation and growth. The next financial appointment is set for July 28, 2026, with the publication of the half-year results.