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May 15, 2008

Rexel Organic Growth at 3.1% in 1Q

Rexel reported 3.1% organic growth (on a constant and same-day basis) for the first quarter 2008, with profit up 27.2% from the year-ago period.
 
Sales in the first quarter were €2.5 billion, compared with €2.4 billion a year ago.
 
Sales were up 3.7% in Europe, led by Northern Europe and the United Kingdom. North America had growth of 1.2%. In Asia-Pacific, growth was 8.2%.
 
In the quarter, Rexel completed its acquisition of Dutch distributor Hagemeyer NV.

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