Rexel, Paris, France, distributor of electrical, heating, lighting and plumbing equipment, reported sales for its fiscal 2022 fourth quarter were €4.8 billion, up 12.3% on a constant and same-day basis from the prior-year period.
Rexel also reported sales for its fiscal 2022 year were €18.7 billion, up 14.1% on a constant and same-day basis from the prior year. Net profit for the year was €922 million, up 54.3% from the prior-year period.
Sales for Europe were €2.4 billion in the fourth quarter and totaled €9.4 billion for 2022, up 16% and 13.9%, respectively. Sales in North America were €2 billion in the fourth quarter and totaled €7.9 billion for 2022, up 10.2% and 16.3%, respectively. Sales in Asia-Pacific were €341 million in the fourth quarter and totaled €1.4 billion for 2022, up 0.7% and 3.9%, respectively.
“Rexel had another excellent year in 2022, performing above the upgraded guidance it provided in the third quarter and confirming that Rexel can consistently deliver in terms of profitability, agility and resilience,” said Guillaume Texier, CEO.
“2022 was also the year that saw a step change in electrification trends worldwide. We are entering 2023 with a solid platform to drive further growth, continuing to harness powerful and sustainable electrification trends, deploying our digitalization strategy and heightening our focus on ESG, as illustrated by our inclusion in the CAC 40 ESG Index.”