Sonepar, undoubtedly the No.1 in the global electrical wholesaling business, announced the sales figures for the past year...

Sonepar, undoubtedly the No.1 in the global electrical wholesaling business, announced the sales figures for the past year. A total of EUR 23 bn was turned over with 45,000 people (48,000 in 2019) in 2,800 branches (3,000 branches in 2019) in 40 countries. Sonepar has an outstanding position in almost every country in which it operates. But Corona also caused a slight drop in sales; in the previous year it was EUR 24 bn, a slight loss of 4.2%.

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Schneider Electric, the energy efficiency and digitization specialist is wooing young professionals and breaking new ground in making workplaces more flexible....

Schneider Electric, the energy efficiency and digitization specialist is wooing young professionals and breaking new ground in making workplaces more flexible.

The French technology giant is bringing its brand even more to the fore and is now increasingly promoting students and young professionals in Germany, Austria and Switzerland. The Düsseldorf recruitment agency YeaHR! was asked and they developed from the brand 'Life is on', a campaign called ‘voll-im-modus.de’ in an unusual way, which was started in mid-February. Using five examples, it shows the development opportunities that exist at Schneider, from environmentally conscious employees to part-time studies and boss fashion. It is already being considered to expand the model.

But there is also talk about money and the advantages one has at SE. Among other things, there are 5 days of paid care leave for relatives in need of care or 5 days per year for recognized charitable purposes or flexible workplaces that can be used at all office locations. This last point in particular brings us to a new model that Schneider Electric has launched in the USA, namely job flexibility.

Schneider Electric recently joined forces in the United States with Upflex, one of the world's largest office space providers. Upflex is represented at 5,500 locations in 75 countries and in 1,600 cities. Thanks to this collaboration, more than 10,000 Schneider employees in the US can go “to the office” and have a safe workplace where all health and safety aspects are taken into account. For SE it has the advantage that the workplace can be flexibly adapted to the needs, whether for a single office or a meeting room, for longer or shorter periods, so Schneider Electric has the costs under control at all times. Of course, it is also particularly suitable for business travelers, as this gives them a connection to the headquarters. For Schneider, in addition to the cost aspect, the flexibility and the options were decisive.

Because of the corona pandemic, thousands of employees all over the world have been sent to the "home office" since last year. The first negative reactions to it have largely been refuted by practice and it is already predicted that the hybrid model of working in the office and at home or in an outside office, as indicated, will prevail in the long term.

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24
Feb

The Fagerhult Group is one of the leading European lighting companies with over 4,400 employees...

The Fagerhult Group is one of the leading European lighting companies with over 4,400 employees in 28 countries and sales of 6,816 million SEK (677 million EUR) in 2020, a decrease of 13.1% compared to the previous year. The net profit amounted to 572.4 million SEK (54.8 million EUR), an increase of 11.2% over the previous year. Fagerhult includes such well-known brands as iGuzzini, Whitecroft, Veko, to name just a few. There are a total of 13 brands in the four business areas.

In 2020, the loss-making company in South Africa was sold because the market there had not developed as expected. Additionally, traditional retailing has been found negatively affected whereas e-commerce, horticulture, and healthcare showed growth.

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16
Feb

The company had sales of EUR 25,159 million in 2020, and EUR 27,158 million in 2019, a decrease of 7.4%....

The company had sales of EUR 25,159 million in 2020, and EUR 27,158 million in 2019, a decrease of 7.4%.

EBIT in 2019 was EUR 3,399 m; in 2020 it was EUR 3,088 m, the net income fell from EUR 2,413 to 2,126 million, minus 11.9%.

As for all companies, the whole year was very demanding, with SE having a strong finish in the second half of the year.

It was also a year in which Schneider Electric repositioned itself in order to further prepare itself for the future, around the globe. The year 2020 laid the foundation stone for further acquisitions in 2021 in order to better support the needs of their customers with digital solutions for more efficiency and sustainability.

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13
Feb

Legrand ended 2020 down 7.9%....

Legrand ended 2020 down 7.9%. Sales in 2020 amounted to EUR 6,099.5 m, compared to EUR 6,622.3 m in 2019. The operating profit was EUR 1,065.4 m, minus 13.9%.

The decline in the established, mature markets was 8.5%, in the new economies it was minus 9.4%. This trend was mainly due to the deteriorating health and economic environment, as well as the steady depletion of inventory by distributors.

In Europe the share of sales was 39.3%, in North and Central America 40.7% and in the rest of the world 20%.

To supplement and complete the program, four new companies were taken over in 2020: Champion One in Cleveland and Focal Point in Chicago / USA, Compose in Sint-Michielsgestel / NL, and Borri in Bibbiena / IT.

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The managing director Jens Andersen was very satisfied with the result of last year....

The managing director Jens Andersen was very satisfied with the result of last year. Solar A / S from Vejen with over 2,900 employees is one of the most important wholesalers in the Scandinavian area and achieved a total turnover of DKK 11,465 million (EUR 1.5 million) in 2020 and thus only a slight decrease of 1.8%. However, profit (EBITA) far exceeded expectations, from 360 (48) to DKK 455 million (EUR 61 million), an increase of 26%.

Last year a new strategy was introduced called Core +. The new strategy focuses on the solid company foundation and the 4 core areas: Concepts, Climate & Energy, Industry and Trade. Here Solar sees great opportunities for profitable growth in the coming years 2021 to 2023.

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11
Feb

Rexel achieved sales of EUR 3,389 million in the 4th quarter of 2020; this is 3.7% less than 12 months earlier....

Rexel achieved sales of EUR 3,389 million in the 4th quarter of 2020; this is 3.7% less than 12 months earlier.

In Europe, quarterly sales were EUR 1,958.2 million, up 3.4%. As always, France was at the top with EUR 768.9 million, Scandinavia with EUR 265.0 million, Germany EUR 181.8 million, UK with EUR 155.4 million, other countries EUR 587.1 million.

In North America it was EUR 1,105.3 million and in the Asia-Pacific region EUR 325.5 million.

In the whole of 2020, sales were EUR 12,592.5 million, minus 8.4% compared to the previous year. The net result was a minus of EUR 261.3 million.

Despite the restrictions in many countries, sales growth of 5-7% is expected for 2021.

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04
Feb

The Dutch wholesale groups itsme and Oosterberg have merged and founded a joint venture under the name of itsoos...

The Dutch wholesale groups itsme and Oosterberg have merged and founded a joint venture under the name of itsoos, which focuses on investments abroad. On February 3rd, the first step followed with the takeover of the German electrical wholesaler Hardy Schmitz. Schmitz belongs to the DEHA marketing group.

itsme achieved annual sales of EUR 235 million in 2020 and has 475 employees in 17 branches in Belgium, Germany, the Netherlands, Romania and Spain. Itsme is part of the international marketing group IDEE.

Oosterberg is currently only active in the Netherlands, has 20 branches and had a turnover of EUR 215 million in 2020.

Hardy Schmitz belongs to the DEHA marketing group, has six branches and expects annual sales of around EUR 150 million. The DEHA Group is a member of IDEE, to which itsme also belongs.

Well-known electrical wholesalers such as Bürkle, Löffelhardt, Obeta and Zajadacz are also members of DEHA.

In the context of the takeover, the interesting question is why none of the aforementioned companies wanted or could take over Hardy Schmitz.

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