Rudy PROVOOST, Chairman of the Management Board and CEO, said:

"Rexel's 2014 results were in line with the targets we announced in July: we posted organic sales growth of 1%, our margin stood at 5% and we generated strong free cash flow.

With respect to the 2015 outlook, the current economic environment leads us to be cautious. In this context, we will relentlessly focus efforts and resources on our key drivers of profitable organic growth and operational efficiency, while completing our business transformation program and reinforcing our market positions. In that respect, targeted bolt-on acquisitions should continue to fuel our growth.

We are also taking measures to rationalize our business portfolio and are streamlining the European management structure to further increase our organizational effectiveness.

Reflecting our confidence in the soundness of our business model, we will propose to our shareholders to maintain the dividend to be paid in 2015 at last year's level of 0.75 euros per share."

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