27
Mar

Rexel with EUR 13.2 billion in 2016

For the full year 2016, Rexel achieved sales of EUR 13,162.1 million, 2.8% less than in the previous year, including ............

the negative effects of copper (-0.9%) and of oil and gas (also -0.9%).
-. Operating profit increased by 4.6% to EUR 397.0 million for the full year.
Net debt was EUR 2,172.6 million, down 1.2%.
In the fourth quarter of 2016 it went:
& bull; in Europe (54% of Group sales), up 1.7%; in France it was + 3.6%, in Scandinavia + 3.2% and in Germany + 1.2%. In the UK, it fell 7.9% after the Brexit debate and lower sales in the photovoltaic industry.
& bull; in North America (36% of group sales), the decline was only 2%, compared to minus 3% in the 3rd quarter.
& bull; in the Asia-Pacific region (10% of sales), the decline was only 1.9% due to growth in China and Australia (down 5.6% in the third quarter).