22
Mar

In 2019, a total of 30 million smartphones worth...

In 2019, a total of 30 million smartphones worth 495 billion rubles (EUR 5.94 billion) were sold in Russia. 50% of the smartphones sold come from China.

Accordingly, a large part goes over the counters of the M.Video-Eldorado Group, the largest Russian retail chain with annual sales of over 420 billion rubles (EUR 5.04 billion). In 2018 M.Video bought the Eldorado and the Media Markt Russia, from which the M.Video-Eldorado group emerged, which is one of the most profitable electronics markets worldwide.

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20
Mar

Due to the tragic situation with the corona virus, which keeps the whole world in suspense...

Due to the tragic situation with the corona virus, which keeps the whole world in suspense, the European Union of Electrical Wholesalers (EUEW) has now decided to cancel its annual event, which should have taken place from 7-8 May. As a new date, the 6th-7th May 2021 is envisaged.  As already planned for this year, the conference will take place at the Hilton Diagonal Mar Hotel in Barcelona.

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Emmanuel Babeau, worked for Schneider Electric for 11 years as Chief Financial Officer and Deputy Managing Director...

Emmanuel Babeau, worked for Schneider Electric for 11 years as Chief Financial Officer and Deputy Managing Director.  Babeau will leave the company at the end of April and Schneider Electric is taking the opportunity to thoroughly restructure its management team.

Schneider Electric will move to a flatter Executive Committee structure to accelerate its strategic and digital transformation.

There will be three new members at the top level of the Executive Committee:

Hilary Maxson will be appointed Chief Financial Officer after this year's Annual General Meeting on April 23. Hilary Maxson joined Schneider Electric three years ago and is currently the CFO of the energy management business. She has a solid background in finance, having worked in the US, South America, Africa and Asia.

Charise Le is appointed Head of Human Resources effective April 1. She has held various positions within the company over the last 15 years, most recently in a senior management role in the Asia Pacific region.

Peter Weckesser will join Schneider Electric as the new Head of Digital Services from Airbus with effect from June 1. Before that he was employed in an executive position at Siemens.

In addition, there will be two internal changes:

Oliver Blum, who has been with Schneider Electric for 27 years, has held many important positions in his career, such as Managing Director of the Indian company; he is currently Chief Human Resources Officer and is to take over the major department of Strategy, Sustainability and Quality Management on April 1. He will also be responsible for all acquisitions and mergers worldwide.

Herve Coureil, who has also been with Schneider Electric for 27 years, will be appointed Secretary General and Chief Governance Officer after this year's Annual General Meeting on April 23rd. He will be responsible for coordinating the strategic implementation between the Board of Directors, management and the operational level.

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14
Mar

The major American marketing company AD...

The major American marketing company AD is replacing its planned personal sales/member meetings this year and is switching to virtual formats until the situation regarding Corona has calmed down again, said CEO Bill Weisberg.

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24
Feb

The Light + Building trade fair, which was originally supposed to take place in Frankfurt......

The Light + Building trade fair, which was originally supposed to take place in Frankfurt from March 8 to 13, 2020, is now being postponed to mid / end of September this year due to the spread of the corona virus in Europe.

The international trade fair for lighting and building technology takes place every two years and since most of the visitors and exhibitors come from Germany, China and Italy; it has been decided to cancel the fair at short notice and to reschedule it.

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Sonepar Italia generated sales of EUR 622 million in 2019;.......

Sonepar Italia generated sales of EUR 622 million in 2019; this is 3% more than in the previous year. Online sales stood at EUR 100 million (16% of sales).

In 2019, the takeover of the Elettroveneta Group (turnover EUR 230 million) was also completed. Elettroveneta previously belonged to the Findea group and thus to the international IDEE marketing association. If one were to add the turnover of Elettroveneta to Sonepar, Sonepar would have reached a total of over EUR 830 million in 2019.

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12
Feb

Sonepar increased its sales last year by 7.1% to EUR 24 bn....

Sonepar increased its sales last year by 7.1% to EUR 24 bn. 2019 was not only a very profitable year for the company, it was also the 50th anniversary since its foundation.

Sonepar pursues the goal to carry out all processes in an automated and digitized manner. Particular attention is also paid to the relationship between organic growth and acquisitions.

In North America, sales increased by double digits, Europe lagged behind with a plus of 4-6%. Sonepar already makes a remarkable 30% of its worldwide sales in online trading.

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20
Jan

As the Spanish electrical manufacturers association AFME announced....

As the Spanish electrical manufacturers association AFME announced, sales in 2019 in the electrical appliances sector rose by 5.47%; an increase of between 3-5% is expected for this year.

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