Rexel stock drops 12.5% over one month ahead of Q3 results publication

A title below its three moving averages, at 1.1% from its support level

Rexel is down 1.99% to €32.07, in the wake of an SBF 120 that is declining 1.47%. The pullback extends a series of difficult sessions: the stock is down 5.68% over one week and 12.33% over one month. The price is now 6.01% below its 20-day moving average and 11.06% below its 200-day moving average, a gap that illustrates the extent of the recent slide.

It is also approaching its support level at €31.72, at approximately 1.1% from its current price, a level that the RSI at 38 does not yet place in oversold territory. In the morning, the Paris market is evolving against a backdrop of tension over French debt, with a 10-year OAT at 4.99% on October 21 and a spread with the Bund at 1.58 points.

Third-quarter revenue expected today, following a first half with raised guidance

Rexel is publishing its third-quarter 2026 revenue this Thursday. When the first-half results were published on July 27, 2026, the group had raised its 2026 guidance for growth and profitability, leveraging digital sales at 35% of revenue. However, the same document stated net financial debt of €3,322 million, up €690 million since December 31, 2025.

At the end of September, the distributor raised approximately €500 million through a capital increase and announced the acquisition of American GCG for $1.4 billion, an operation that must be completed by the end of 2026. Today's revenue figure will allow measurement of the group's activity since these announcements.