Hagemeyer NV reported organic revenue growth of 5.7% in the first half of 2007 compared with the first half 2006.
  ;
Revenue was 3,117 million euro (US$4,207 million). Profit nearly doubled from the same period a year ago.
  ;
Hagemeyer saw growth in all regions except North America, where organic sales in PPS were down 4.6% in the first half 2007. Sales in Professional Products and Services (Hagemeyer’s key business) in North America were US$849 million.
  ;
In the U.S., sales in PPS fell by 5.5%. Two government contracts were not renewed in the first half, accounting for more than 2 percentage points of the drop. U.S. construction and installation business was flat. A decrease in residential business was offset by commercial sales.
  ;
U.S. …
Hagemeyer Sales Up in First Half
Hagemeyer NV reported organic revenue growth of 5.7% in the first half of 2007 compared with the first half 2006.
  ;
Revenue was 3,117 million euro (US$4,207 million). Profit nearly doubled from the same period a year ago.
  ;
Hagemeyer saw growth in all regions except North America, where organic sales in PPS were down 4.6% in the first half 2007. Sales in Professional Products and Services (Hagemeyer’s key business) in North America were US$849 million.
  ;
In the U.S., sales in PPS fell by 5.5%. Two government contracts were not renewed in the first half, accounting for more than 2 percentage points of the drop. U.S. construction and installation business was flat. A decrease in residential business was offset by commercial sales.
  ;
U.S. …
Share this article
- Filed In: Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
