Paris, France-based Electrical products distribution giant Sonepar announced its full-year 2022 earnings on March 23, which included a 28% increase in sales to almost $35 billion USD.
The company’s record earnings included more than $10 billion in online sales, Sonepar announced in a news release. It also reported 18.5% autonomous sales growth in 2022.
Sonepar also completed 20 acquisitions and brought on 2,100 new associates during the year, according to the release.
“We are modernizing our supply chain and deploying the first omnichannel platform in the distribution industry, called Spark,” the company said in its announcement. “We made significant progress in both fields with the first automated central distribution centers opening in the USA at Cooper Electric and North Coast and the launch of Spark in Belgium, France, Italy and Norway.”
The company won market share in most of the countries in which it operates, Sonepar said.
Sonepar’s U.S.-based subsidiary, Sonepar USA, ranked No. 2 on MDM’s 2022 Top Electrical Distributors list.
“In 2022, Sonepar achieved an outstanding performance,” said Philippe Delpech, Sonepar CEO. “Not only are the financial results historic, but we also entered a new phase of our transformation to leverage more actively on a global scale, which will benefit our customers and provide exciting new challenges for our associates. Our 44,000 associates work every day to ensure that Sonepar remains the undisputed world leader in its sector. Sonepar aims to remain the leading B2B distributor of electrical products, solutions and related services; serving customers with an omnichannel digital experience, promoting best-in-class sustainability, and ensuring associates a diverse and inclusive working environment with a unique purpose.”
Other facts and figures shared by Sonepar in its year-end report showed that the company ended 2022 with 44,000 associates across 40 countries. Sonepar oversees 80 brands across 2,400 branches and 170 distribution centers.
Sonepar also said it is investing more than $2.14 billion (approximately €2 billion) to improve automated supply chain and a further $1.07 billion (€1 billion) in its global digital platform while reducing emissions and waste.