Rexel: medium-term financial ambitions raised
It now expects potential sales growth of between 5 and 8%, including 2 to 3% from targeted acquisitions, an adjusted EBITA margin in excess of 7% and EPS growth of between 7% and 9% ('high-single digits').
These objectives will be supported by its capital allocation priorities, including an annual dividend payout representing at least 40% of recurring net income, and a share buyback program of between 50 and 150 million euros per year.
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