04
May

In contrast to the same period of the previous year, Legrand was able to increase its sales in the first quarter

In contrast to the same period of the previous year, Legrand was able to increase its sales in the first quarter of 2019 by 7.3% from 1,445.2 m EUR to 1,550 m EUR.

EBITDA increased by 9.2% from 324.6 m EUR to 354.4 m EUR and net income by 8.6% from 175.3 m EUR to 190.4 m EUR.

The distribution of sales was as follows: 42.1% was made in Europe, 36.6% in Central and North America, and 21.3% in the rest of the world.

Europe continued to grow (+ 2.3%) led by Italy, followed by Germany, Greece, Portugal and the UK. Sales declined in France, Spain and the Netherlands. In Europe's new markets, sales increased by 5.7%, with Russia, Turkey, Hungary and the Czech Republic standing out above all.

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Michael Büenfeld, Managing Director Sales & Marketing has decided to take on a new challenge.

Michael Büenfeld, Managing Director Sales & Marketing with Mennekes has decided to take on a new challenge. He will be Managing Director International Sales at OBO Bettermann from June 1st onwards.

Mr. Büenfeld has already worked for Bettermann between 1995 and 2001.

The change from Mennekes to Bettermann took place in the best possible understanding and was coordinated in advance between the two companies.

The search for a successor is in full swing; Mr. Christopher Mennekes will temporarily take over the duties of Mr. Büenfeld.

EMR and electro-insider wishes Mr. Büenfeld every success in his new job.

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03
May

Amazon was able to present a tremendous rise in sales and profit in the first quarter of 2019 compared to last year.

Amazon was able to present a tremendous rise in sales and profit in the first quarter of 2019 compared to last year.

Net sales increased 17% from 51 bn USD (45.4 bn EUR) to 59.7bn USD (53.2 bn EUR). And net income increased 125% from 1.6 bn USD (1.4 bn EUR) to 3.6 bn USD (3.2 bn EUR). In the 2.quarter they want to increase sales by 13 - 20% over the previous year.

Amazon has announced a whole list of news at the press conference. Below is only a small selection of the most important points:

Amazon will invest 800 m USD (713 m EUR) for even faster daily delivery. With the program Amazon Day, it will be possible for business Prime members, initially only in the US, to choose a day of the week for their packages to arrive,

As Vice President and Chief Financial Officer Brian Olsavsky said, for Amazon, the most important thing is, whether it comes from Amazon or third-party suppliers, that customers will get the broadest choice at the best price and in the best and most convenient way.

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Signify, the former Philips-Lighting, based in Eindhoven,

Signify, the former Philips-Lighting, based in Eindhoven, achieved sales of 1,478 m EUR in the first quarter of 2019, a decrease of 1.5% compared to 2018. However, net profit more than doubled from 20 m to 44 m EUR.

For the full year, the management expects that the profit engines, e.g. LED will be growing by 2 - 5% and reach an adjusted EBITA margin of 11 - 13%.

Philips remains a major shareholder in Signify, the independent publicly traded company, with a stake of 16.5%.

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ABB has joined the Eurovent Middle East, an association of leading manufacturers

ABB has joined the Eurovent Middle East, an association of leading manufacturers in the air conditioning, refrigeration, ventilation, sanitary, and building automation industries, as well as associations in these fields.

ABB sees tremendous energy savings potential in the Middle East and believes that industry must take responsibility for achieving ambitious energy efficiency targets here.

Frank Taaning Grundholm, vice president in charge of this area at ABB Drives, said, "Eurovent Middle East has proven to be an excellent platform for collaboration and coordination, taking many initiatives."

The steadily growing construction industry, continued focus on investment in infrastructure development, and the growth of hotel, tourism and healthcare sectors in the United Arab Emirates will increase the demand for reliable and efficient cooling and sanitary facilities in both commercial and residential living areas.

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30
Apr

Rexel generated sales of 3,315.0 m EUR in the first quarter of 2019,

Rexel generated sales of 3,315.0 m EUR in the first quarter of 2019, an increase of 3.1% compared to the previous year; mainly due to dynamic growth in the US (+ 9.8%), China (+ 8.2%) and some key markets in Europe (France + 2.7%, Benelux + 13.3%, Scandinavia + 6.8%). Sales were as follows: 55% were made in Europe, 37% in North America and 8% in Asia / Pacific.

The decline in Germany (-19.9%), UK (-7.5%) and Spain is mainly due to the large number of branch closures in Q4-2018 and this quarter.

The outlook for the full year has been confirmed, with sales growth of 2-4% and an adjusted EBITA of plus 5-7%.

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