Paris, France-based electrical distributor Rexel reported sales for the third quarter of €3.2 billion (US$3.7 billion), up 1.4 percent from the same period a year ago. On a constant, same-day basis, sales were up 5.2 percent. The company reported a profit of €67.1 million (US$77.7 million), up from €37.6 million (US$43.5 million) a year ago. Organic growth was up 4.1 percent.
In Europe (54 percent of group sales), third-quarter sales were up 4.9 percent to €1.8 billion (US$2.1 billion). Sales also increased in Germany (3.9 percent), the United Kingdom (4 percent), Scandinavia (7.6 percent) and France (7.3 percent).
Third-quarter sales in North America (36 percent of group sales) increased 2.8 percent to €1.2 billion (US$1.4 billion). U.S. sales grew 4.2 percent, and Canadian sales fell 1.9 percent. Asia-Pacific (10 percent of group sales) sales increased 4.4 percent.
For the first nine months, total group sales were up 2.1 percent to €9.9 billion (US$11.5 billion). On a constant, same-day basis, sales were up 2.8 percent. The company reported a profit of €163.6 million, up from a profit of €133.4 million (US$154.5 million) the same period a year ago.