Rexel, Paris, France, distributor of electrical, heating, lighting and plumbing equipment, reported sales for its fiscal 2022 third quarter were €4.8 billion, up 16.3% on a constant and same-day basis from the prior-year period.
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Sales for Europe were €2.3 billion, up 15.9% from the prior-year period. Sales for North America were €2.1 billion, up 17.3%, and sales in Asia-Pacific were €381 million, up 12.7% from the prior-year period.
The sales for its first nine months in 2022 were €13.9 billion, up 31% on a constant and same-day basis from the first nine months of 2021.
“Rexel benefited in the third quarter from solid underlying markets as well as accelerating demand for electrification, driven by the high price of energy, especially in Europe,” said Guillaume Texier, CEO. “These results and trends enable us to upgrade our full-year targets for 2022, which should be another record year, both in sales and profitability. Our strong third quarter is also an excellent illustration of how our new strategy, Power Up 2025, allows us to tap into high-growth segments of the electrical materials market, driven by powerful and resilient megatrends such as sustainability, energy transition or resource and labor scarcity.”