Rexel S.A. (RXLSF) Q4 2023 Earnings Call Transcript

Rexel S.A. (OTCPK:RXLSF) Q4 2023 Earnings Conference Call February 14, 2024 12:15 PM ET

Company Participants

Guillaume Texier - Group Chief Executive Officer
Laurent Delabarre - Group Chief Financial Officer

Conference Call Participants

Martin Wilkie - Citi
Daniela Costa - Goldman Sachs
Akash Gupta - JPMorgan
Alexander Virgo - Bank of America
William Mackie - Kepler Cheuvreux
Aurelio Calderon - Morgan Stanley
Nick Amicucci - TD Cowen
Andre Kukhnin - UBS
Alasdair Leslie - Société Générale
Miguel Borrega - BNP Paribas Exane

Operator

Good afternoon. This is the conference operator. Welcome and thank you for joining the Rexel’s Fourth Quarter and Full Year 2023 Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Guillaume Texier, Group CEO. Please go ahead, sir.

Guillaume Texier

Hi. Good evening to everyone and thank you for joining us today for our fourth quarter sales and the full year 2023 results conference. Thank you also for making yourselves available at an unusual time. As you know, Rexel usually communicates in the morning, but there were a number of other companies issuing results tomorrow morning. So to help make your lives easier, we moved the time of our call. We hope we are not spoiling your Valentine’s Day plan.

I’m here today with Laurent Delabarre, our CFO. I will focus on a few highlights on our performance. Laurent will give you greater granularity on our numbers. And I conclude with a progress report on our strategic roadmap, as well as the outlook for 2024.

So let’s begin on slide three with the main takeaways of 2023. This was a record year by many metrics, but equally importantly for me, it