The Würth Group's total revenue in 2018 increased by 7.1%

The Würth Group's total revenue in 2018 increased by 7.1% to 13.6 bn EUR (previously 12.7 bn EUR). The operating result increased from 780 m EUR to 870 m EUR, ie. an increase of 11.5%.

The electrical wholesale business (which belongs to the Allied Companies) reached 1.67 bn EUR, an increase of a remarkable 12.9%. 4,478 people are employed in this segment.

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Sacchi, a member of the Sonepar Group, took over the electrical wholesaler Demo Elettroforniture from Casale Monferrato on 7 May 2019.

Sacchi, a member of the Sonepar Group, took over the electrical wholesaler Demo Elettroforniture from Casale Monferrato on 7 May 2019. Demo has 35 branches, employs about 300 people and has an annual turnover of 118 m EUR.

With this recent acquisition, Sonepar's sales in Italy will increase to approx. 1,250 m EUR p.a.

Demo was until now connected to the Findea marketing association, which in turn belongs to the international IDEE-Group; this membership will now be terminated.

This take-over still needs to be approved by the relevant competition authorities.

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05
May

Sonepar increased its sales by 4.1% to a new high of

Sonepar increased its sales by 4.1% to a new high of 22.4 bn EUR from 21.6 bn EUR in 2017.

Europe accounts for € 11.2 bn EUR (50.2%), America 9.6 bn EUR (42.7%) and Asia / Pacific 1.6 bn EUR (7.1%).

The number 1 in Europe is Germany with 2,826 m EUR, followed by France with 2,335 m EUR, and the Netherlands with 1539 m EUR and Italy with 1,116 m EUR.

In America, it was the United States with 7,382 m EUR, followed by Canada with 1,099 and Mexico with 505 m EUR.  

In the Asian-Pacific region, the number 1 was Australia with 591 m EUR, followed by China (mainland) with 387 m EUR.

54% is done with contractors, 28% with industrial customers. In automation and infrastructure it is 34%, in cables and wires 16% and the lighting sector is 15%.

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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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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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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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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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