Global electrical distributor Rexel, Paris, France, reported sales for 2012 of €13.4 billion (US$18 billion), up 5.8 percent over sales in 2011. Sales for the year were boosted by the distributor's strategic acquisitions; on a constant and same-day basis, sales were down 1.8 percent year over year. Profit increased 0.8 percent to €318.6 million (US$428.8 million).
For the fourth quarter, sales were €3.4 billion (US$4.6 billion), up 2.9 percent over the same period a year ago. On a constant and same-day basis, sales were down 4.7 percent for the quarter. Profit increased 37.4 percent to €82.2 million (US$110.6 million).
“In a very challenging market environment, Rexel demonstrated the robustness of its business model as well as its ability to generate solid profitability and substantial cash flow, enabling the group to meet its full-year targets," CEO Rudy Provoost said. "Rexel also stepped up its investments in external growth, strengthening its market position in the United States with two strategic acquisitions, further expanding in fast-growing economies, notably in Latin America, and continuing to make tactical acquisitions in Europe."
Sales in Europe (56% of group sales) were down 0.9 percent in the fourth quarter and up 0.4 percent for the full year. On a constant and same-day basis, sales were down 5.5 percent for the quarter and down 3.3 percent for the year.
In North America (32% of group sales), sales were up 9.6 percent in the fourth quarter and up 16.3 percent for the full year. On a constant, same-day basis, sales were down 2.2 percent for the quarter and up 1.9 percent for the year.
Asia-Pacific (10% of group sales) sales decreased 2.9 percent in the fourth quarter and increased 5 percent for the full year.
On a reported basis, sales in Latin America (2% of group sales) increased 45.4 percent in the fourth quarter and 44.3 percent for the full year.
