Rexel's 4Q North America Sales Up 10.2% YoY - Modern Distribution Management

Log In

Rexel’s 4Q North America Sales Up 10.2% YoY

Rexel's full-year sales benefited from the company's acquisitions of Mayer and Horizon Solutions.

France-based electrical distributor Rexel had “record results” in 2022, the company announced Feb. 16 when reporting its 2022 fourth-quarter and full-year financial results.

Rexel posted €4.8 billion ($5.77 billion) sales in 4Q, a 17.8% increase year-over-year on a reported basis and up 12.3% on a constant, same-day basis. The same-day sales growth benefited from a boost in electrification in four product categories — solar, electric vehicle charging infrastructure, HVAC and industrial automation — which grew by about 30% in 4Q, according to a news release. Rexel also saw growth in its digitalization, with digital sales representing 26.7% of sales in 4Q, up 308 basis points from 4Q 2021.

In North America, Rexel had 4Q sales of €2 billion ($2.4 billion), an increase of 10.2% year-over-year on a reported basis. In the U.S., Rexel’s 4Q were up 9.4% year-over-year, while sales increased 14% year-over-year in Canada. Rexel’s sales in the U.S. were driven by robust demand in the commercial and industrial end-markets, according to the release, while its Canada sales were supported by the proximity end-market and industrial activities.

For the full year 2022, Rexel had sales of €18.7 billion ($22.4 billion), up 27.3% from 2021 on a reported basis and up 14.1% on a constant, same-day basis. Rexel’s full-year sales benefited from the acquisitions of Mayer and Horizon Solutions in the U.S. and Trilec in Belgium, which helped offset the disposals of businesses including Rexel Spain and Portugal, according to the release. In North America, Rexel posted full-year sales of €7.9 billion ($9.5 billion), a 16.3% increase year-over-year.

“Rexel had another excellent year in 2022, performing above the upgraded guidance it provided in Q3 and confirming that Rexel can consistently deliver in terms of profitability, agility and resilience,” Rexel CEO Guillaume Texier said in the release. “Building on Rexel’s achievements, as well as on its engaged and highly-performing teams, we are well on track to achieve our Power Up 2025 objectives presented last June.”

Rexel’s North American subsidiaries, Rexel USA and Rexel Canada, both made acquisitions in January, adding California-based Buckles Smith Electric Company and Canadian electrical services  distributor Lineman’s Testing Laboratories. Rexel USA/Rexel Canada ranked No. 4 on MDM’s Top Electrical, Data & Security Distributors list in 2022.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.