Sonepar’s 2022 Sales Jumped 28% to Nearly $35B - Modern Distribution Management

Log In

Sonepar’s 2022 Sales Jumped 28% to Nearly $35B

The electrical products distributor says it also completed 20 acquisitions and welcomed 2,100 new associates in 2022.
Sonepar logo new

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.

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.