Rexel in 2nd quarter 2015

Rexel made a turnover of EUR 3,423.5 m in the 2nd quarter 2015, 1.6% less than in the same quarter of last year.

In Europe (EUR 1,819.2 m) a plus of 1.8% was achieved, mainly due to positive currency effects; in Germany the turnover amounted to EUR 194.7, which represents a plus of as much as 3.4%.

In North America – USA and Canada – (EUR 1,250.9 m) Rexel suffered a drop of 6.0%, mainly due to a decline in its oil and gas business, which make up approx. 10% of its turnover in North America.

The Asia/Pacific region (EUR 353.4 m) was also slightly down at 0.6%, although a slight rise was achieved in China (+0.4%), while  Australia (-2.7%) and New Zealand (-4.0%) lost ground.

Below the line gross profits of EUR 815.7 were made, 3.5% less than in the same quarter of last year.