More and more organizations and companies in North America are joining the ETIM there...
More and more organizations and companies in North America are joining the ETIM there. Today it was announced that the National Electrical Manufacturers Representatives Association (NEMRA) has also joined ETIM to improve product classification in North America.
NEMRA is a not-for-profit association made up of more than 400 independent representatives and more than 200 manufacturers in the electrical industry.
Eaton could not make up any ground in the 3rd quarter of 2020 either...
Eaton could not make up any ground in the 3rd quarter of 2020 either. Total sales were USD 4,5 m (EUR 3,8 m) compared to USD 5,3 m (EUR 4,5 m) in the third quarter of 2019.
For the 9 months the result is a turnover of USD 13,171 m (EUR 11,170 m); compared to 2019 with USD 16,152 m (EUR 13,699 m) this is a decrease of 18.5%.
Net income for the nine months was $ 939 m compared to $ 1,760 m in 2019.
As a member of the board of directors of the ETIM electrical sector...
As a member of the board of directors of the ETIM electrical sector, Balentine (comes from Sonepar), along with David Oldfather from IDEA and Jon Duffie from Siemens, supports the introduction of ETIM product classification standards in the electrical industry in North America.
ETIM is an international model for the standardization and classification of technical product data. ETIM was originally developed in Europe for the electrotechnical sector and has grown worldwide. In North America, too, the acceptance of the ETIM model has increased steadily in recent years.
Rexel suffered a 4.2% decline in Q3 2020,...
Rexel suffered a 4.2% decline in Q3 2020, but compared to the 17.7% decline in the previous quarter, this was a strong improvement of the business situation.
Digital revenues in Q3 accounted for a remarkable 20.5% of total revenues.
From January to September 2020, total revenues amounted to EUR 9,203.4 million, of which EUR 5,125.1 m was generated in Europe (EUR 1,868.4 m in France, EUR 511.6 m were made in Germany), EUR 3,236.7 m in North America (EUR 2,531.7 m in the U.S.) and EUR 841.6 m in the Asia-Pacific region (China EUR 356.9 m).
W.W. Grainger of Lake Forest/Illinois, one of North America's leading wholesalers...
W.W. Grainger of Lake Forest/Illinois, one of North America's leading wholesalers, reported sales of 3.0 bn USD (2.54 bn USD) for the third quarter of 2020, an increase of 2.4% over the comparable quarter of last year. This increase was mainly due to higher volumes of products related to the Corona Pandemic. Net earnings increased by 3% from 233 m USD (197 m EUR) to USD 240 m (203 m EUR).
ETIM announced that IMARK has joined ETIM NA...
ETIM announced that IMARK has joined ETIM NA to improve and advance product classification in North America.
IMARK consists of more than 1,400 independent wholesalers in the United States and Canada with more than 7,000 locations.
Today the group consists of IMARK Electrical and IMARK Plumbing, and through the merger in January 2019 in the plumbing and air conditioning sector with Omni Corporate Services and Equity Plumbing, is the most influential organization in the electrical, air conditioning and plumbing sector.
IMARK is led by its President John Aykroyd and the members of the group have an annual turnover of over 28 bn USD (24 bn EUR).
IMARK is a member of the international marketing association IMELCO.
The Spanish Association of Electrical Manufacturers AFME...
The Spanish Association of Electrical Manufacturers AFME expects a decline in 2020 annual sales of around 15%, with the last few months in particular going very well, which has had a slightly positive effect on the result. In Spain, too, it will be important to return to a certain recover next year, with tourism playing an important role.
Solar from Denmark, the leading wholesaler in the Scandinavian region...
Solar from Denmark, the leading wholesaler in the Scandinavian region has revised its forecast for 2020. Earnings (EBITA) are now expected to increase by around 9% to DKK 435 million (EUR 58.4 million) with a slight decrease in sales of around 1% to DKK 11,300 million (EUR 1,518 million). The third quarter of 2020 was already promising, and the Better Business project that was started at the beginning of the year certainly helped a lot and led to the revised assumption.
The prerequisite is, of course, that the resurgence of COVID-19 does not lead to new significant lockdowns in their markets.