Rexel Sales Climb 13.9% in 2Q - Modern Distribution Management

Log In

Rexel Sales Climb 13.9% in 2Q

Author
Date

Rexel consolidated sales for the second quarter of 2006 were 2.105 billion euros, or $2.669 billion, up 13.6%, taking into account acquisitions, divestitures and the favorable impact of exchange rate fluctuations. On a comparable structure, exchange rate and trading day basis, sales were up 13.9% from the same period last year.


 


For the six months of 2006, sales were 4.072 billion euros, or $5.163 billion, up 15.2% compared to the same period last year. On a comparable structure, exchange rate and trading day basis, sales were up 11.7%.


 


Sales in North America were up 19% for the quarter and 16.9% for the first half of the year. European sales were up 11% for the quarter and 8.6% for the half. Asia-Pacific sales were up 8.8% for the quarter and 7.5% for the half.


 


“Our commercial dynamism and favorable markets led us to post a high growth also enhanced by inflation on raw materials. External growth strategy was effective and allowed us to integrate ElettroBergamo and CLS, two mid-size companies, complementary and accretive on earnings,” said Jean-Charles Pauze, Rexel Chairman and CEO.


 


Sales in Europe were supported by developments in cables. In France and the UK, strong sales were driven by the small electrical contractors segment.


 


North America sales growth was high, notably in the U.S., where sales were strong in the Rocky Mountain and Gulf of Mexico divisions. In Canada, Western regions and Quebec are driving sales increases. The slowdown of the residential market was offset by improvements in commercial and industrial end markets.


 


In the Asia-Pacific, activity in commercial and industrial projects balanced residential market weakness in Australia. Project sales increased in New Zealand.


 


Related Links:
Rexel to Acquire GE Supply (Updated)
Rexel 2005 Annual Report

More Breaking News

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!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, 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 MDM.com
  • 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

1

article
left

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 mdm.com
  • 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.