Paris, France-based electrical distributor Rexel reported sales for the third quarter of €3.4 billion (US$3.8 billion), up 3.7 percent from the same period a year ago. On a constant, same-day basis, sales were down 3.3 percent. Profit decreased 70.3 percent to €20 million (US$22.1 million).
In Europe (53 percent of group sales), third-quarter sales were up 1.6 percent and in North America (37 percent of group sales) sales increased 5.8 percent, with U.S. sales down 5.6 percent and Canadian sales down 12.7 percent. Asia-Pacific (10 percent of group sales) sales increased 8.4 percent.
For the first nine months, total group sales were €10 billion (US$11.1 billion), up 6.4 percent from the same period a year ago. On a constant, same-day basis, sales were down 1.8 percent. Profit decreased 86.4 percent to €21.4 million (US$23.7 million).
Rexel also recently acquired Sofinther, a French company specialized in thermal, heating and control solutions, which reinforces Rexel's multi-energy expertise in France.
