Rexel tops SBF120 after strong Q2 North American performance
** Electrical equipment supplier Rexel RXL.PA leads the SBF120 .SBF120 index with a gain of 5.7% after publishing its half-year results on Monday evening
** The French co reported a Q2 organic growth of 1.8% with volumes also showing slight improvement, which J.P. Morgan attributes to a North American acceleration more than offsetting shaky European and APAC results
** "North America was up +8.7% in Q2 on a constant and same-day basis vs. 4.6% JPMe, driven by projects business and continued improvement in the flow business, with a progressive accretive impact from tariff pass through related to price increases," it says regarding sales figures
** JPM finally notes the co is cautiously optimistic about a possible H2 European reversal
** As of 07:30 GMT, Rexel shares are trading up 3.8%
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