Rexel, Paris, France, a distributor of electrical, heating, lighting and plumbing equipment, reported sales for its fiscal 2023 second quarter totaled €4.8 billion, up 8.1% from the prior-year period.
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Rexel reported its Europe sales totaled €2.4 billion in the second quarter, up 8.3% from the prior-year period. North American sales totaled €2.1 billion, and Asia-Pacific sales totaled €332 million, up 4.4% and 2.6%, respectively, from the prior-year period.
In addition, Rexel reported sales for its first six months of 2023 totaled €9.8 billion, up 7.5% from the prior year. Profit for the first six months was €428 million, down 6.8% from the prior-year period.
Rexel’s Europe sales for its first six months totaled €4.9 billion, up 10.5% from the prior year period. North American sales totaled €4.2 billion, and Asia-Pacific sales were €662 million, up 6.5% and 2%, respectively, from the prior-year period.
“I’m extremely proud of Rexel’s solid performance in the first half of 2023 as it proves that the company can deliver very strong results even in a more uncertain economic environment, said Guillaume Texier, CEO of Rexel. “Our exposure to several fast-growing and resilient segments, notably those linked to electrification, allowed us more than to offset the softness in a limited number of end-markets. Our relentless focus on efficiency allowed us to maintain a record-high level of profitability. In addition, our refocused portfolio, with well-targeted acquisitions and divestments, is now contributing strongly to our performance.”
