1st quarter of 2015

News aus der Elektroindustrie

Ahlsell generated a turnover of SEK 5,383 m (EUR 584 m), in the 1st quarter 2015, 3.8% more than in the same quarter of last year (SEK 5,188 m/EUR 563 m). The EBITA of SEK 386 m (EUR 42 m) amounted to 7.2% of the turnover.

Ahlsell generated a turnover of SEK 5,383 m (EUR 584 m), in the 1st quarter 2015, 3.8% more than in the same quarter of last year (SEK 5,188 m/EUR 563 m). The EBITA of SEK 386 m (EUR 42 m) amounted to 7.2% of the turnover.

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Wesco International Inc. (Pittsburgh/USA), one of the five largest electrical wholesalers in North America, could only manage to increase............

Wesco International Inc. (Pittsburgh/USA), one of the five largest electrical wholesalers in North America, could only manage to increase............

its turnover by 0.3% in the 1st quarter 2015 to USD 1,816.3 m (EUR 1,629.3 m), while net profits fell by 9.4% against the comparable period of last year to USD 47 m (EUR 42.2 m).

Already at the beginning of the year the annual turnover target had been slightly reduced to minus 3% to plus 3% due to bad weather conditions and currency fluctuations, since a drop in demand on the industrial end markets was expected for the year as a whole.

The company now plans to take countermeasures by means of additional actions to accelerate their One WESCO sales initiatives, reduction of structural costs, consolidation of branches with personnel increases and better treatment of areas badly served until now and neglected customers.

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After two weaker months at the beginning of the year orders leapt up in March, as the German press agency reports.

After two weaker months at the beginning of the year orders leapt up in March, as the German press agency reports.

The industry also enjoyed an increase in turnover and production in the first quarter. Domestic orders went up by 22.1% and foreign orders rose by 14.0%.

In contrast to January and February the electrical companies’ production adjusted for price effects increased noticeably in March of this year, rising by 6.6% in comparison with last year. From January to March 2015 it exceeded the corresponding figure for last year by 2.2%.

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Legrand generated a turnover of EUR 1,164.7 m in the 1st quarter 2015, which is 7.4% more than last year (EUR 1,084.3 m),….......

Legrand generated a turnover of EUR 1,164.7 m in the 1st quarter 2015, which is 7.4% more than last year (EUR 1,084.3 m),….......

mostly thanks to favourable exchange rate effects (+6.5%) and very good turnover figures in North America, which have risen by very nearly 41%.

This means that the United States have developed into Legrand’s strongest market in terms of revenues. But it was not just in the USA that growth was possible, with Spain, Greece and Portugal as well as Eastern Europe making substantial gains, compensating for drops in other mature European countries, as well as in Russia and China.

Net profits rose by 1.9% from EUR 125 m to EUR 127.4 m. Net liabilities could be reduced from EUR 1,083 m last year to a current figure of EUR 867 m.

The end-of-year targets issued for 2015 (organic growth in sales of between -3% and +2% along with an adjusted operating margin before takeovers between 18.8% and 20.1% of sales) have been confirmed.

In addition to this, Legrand plans to continue its strategy of value-creating takeovers. Against this background the measuring instrument manufacturer IME in Italy and the switch board manufacturer Valrack in India were taken over at the beginning of May. Together these two companies, which employ over 400 people, will contribute a turnover of more than EUR 30 m.

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AD (Affiliated Distributors), the largest purchasing/ marketing association in the United States was able to increase its turnover by 7%..........

AD (Affiliated Distributors), the largest purchasing/ marketing association in the United States was able to increase its turnover by 7%..........

against the comparable period of last year in the 1st quarter 2015 to USD 7.9 bn (EUR 7.1 bn).

This means that the growth was above general market expectations. All divisions managed to grow, the electrical division in the USA by 7%, in Canada by as much as 12%. The industrial products division rose by 5%, sanitation by 8%, HVAC by 7% and building materials by 12%.

The number of members was also further enlarged in the 1st quarter 2015, with 12 new partners with a total of 51 branches newly joining AD.

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Rexel made a turnover of EUR 3,286.2 m in the 1st quarter 2015, 1% less than in the prior year (EUR 3,319.1 m).Net profits fell by 52% to EUR 20.7 m.

Rexel made a turnover of EUR 3,286.2 m in the 1st quarter 2015, 1% less than in the prior year (EUR 3,319.1 m).Net profits fell by 52% to EUR 20.7 m.

In Europe (54% of corporate turnover) the figure stood at EUR 1,785.5 m, 0.3% less than in the prior year. France (EUR 589 m) fell by 3.6%, mainly due to a heavy decline in cable sales. In the United Kingdom the photovoltaic sector crashed (-24%), with turnover falling by 1.2% to EUR to 276.2 m. In Germany EUR 194.9 m (-1.4%) was made, in Scandinavia EUR 220.4 m (+7.6%) and in the rest of Europe EUR 505 m (+1,4%).

In North America (34% of corporate turnover) the turnover fell by 1.4% to EUR 1,128.5 m with USA: EUR 860.1 m (-1.4%); Canada: EUR 268.4 m (-1.5%)

The Asia /Pacific region (EUR 307.6 m; 10% of corporate turnover) lost 2.9%, and all countries were affected by the drop. China: EUR 104.8 m (-5.0%); Australia: EUR 121.8 m (-7.6%); New Zealand: EUR 28.5 m (-6.5%).

In Latin America (2% of corporate turnover) turnover fell by 1.1% to EUR 64.6 m. Rexel has already announced that this section with its main countries of Brazil, Chile and Peru is to be sold to Sonepar in order to be able to concentrate on Europe, North America and Asia/Pacific. The sale price is said to amount to EUR 47 m. The deal still awaits the approval of the cartel authorities.

The net loss amounted to EUR 2,652.5 m at the end of the 1st quarter, 10.3% more than in the corresponding period of the prior year. The group employed 29,804 people worldwide (-0.9%), the number of branches fell by 1.9% in comparison with the prior year to 2.214.

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The 3M Group from St. Paul/ Minnesota achieved a turnover amounting to USD 7,578 m (EUR 7,055 m) in the 1st quarter 2015, 2.7% more than in the same period last year (USD 7,381 m/EUR 6,872 m).

The 3M Group from St. Paul/ Minnesota achieved a turnover amounting to USD 7,578 m (EUR 7,055 m) in the 1st quarter 2015, 2.7% more than in the same period last year (USD 7,381 m/EUR 6,872 m).

Inge G. Thulin, president and CEO, appeared to be satisfied with the business performance, since growth was attained in all business segments and countries, although the strong US dollar had a negative influence on the result in the 1st quarter.

The operating result amounted to USD 1,730 m (EUR 1,611 m), a small rise of just under one per cent compared with last year (USD 1,716 m/EUR 1,598 m). The net result of USD 1,201 m (EUR 1,118) was 2% below that of the 1st quarter 2014.

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In comparison with the prior year turnover rose by 7.8% to EUR 5,996 m, an increase mainly due to the weakness of the euro.

In comparison with the prior year turnover rose by 7.8% to EUR 5,996 m, an increase mainly due to the weakness of the euro.

EUR 536 m can be entirely put down to exchange rate effects, as the euro has lost heavily against the US dollar and the Chinese yuan.

In Western Europe EUR 1,659 was generated (28% of corporate turnover), in North America EUR 1,620 m (27%), in the Asia/Pacific region EUR 1,665 m (28%) and in the rest of the world EUR 1,052 m (17%).

Turnover figures in the saturated markets remained stable, even in Western Europe, while North America managed an increase due to a favourable construction market. The developing countries on the other hand recorded a slight drop (-1%), with China in particular displaying weaknesses. 42% of consolidated turnover was generated in these markets of the future in the 1st quarter 2015.

Chairman Jean-Pascal Tricoire appeared to be satisfied with the 1st quarter and confirmed the annual targets. For 2015 Schneider Electric expects further growth in North America and a continuing stabilization in Western Europe, but with a mixed picture in the developing countries.

Organic turnover is expected to be in low single figures and the EBITA margin between 14-14.5%. In addition up to EUR 1.5 bn is to be saved by 2017.

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The lighting manufacturer, which has its headquarters in Habo/Sweden and sales offices in 22 countries, made a turnover of SEK 905.5 m (EUR 97.2 m) in the 1st quarter 2015, 2.5% more than in the same quarter of last year (SEK 885.5 m/EUR 95.0 m).

The lighting manufacturer, which has its headquarters in Habo/Sweden and sales offices in 22 countries, made a turnover of SEK 905.5 m (EUR 97.2 m) in the 1st quarter 2015, 2.5% more than in the same quarter of last year (SEK 885.5 m/EUR 95.0 m).

Earnings fell from SEK 75.4 m (EUR 8.1 m) last year to a current figure of SEK 72.7 m (EUR 7.8 m).

Just over half of the turnover was generated with LED products, and the regional turnover breakdown is as follows: Northern Europe EUR 46.4 m; UK and Northern Ireland EUR 29.6 m; rest of Europe EUR 20.5 m; Middle East, Asia and Australia 12.4 m.

There was particular satisfaction with the development in the United Kingdom, where significant gains could be made. Conditions in Scandinavia, which makes up more than half of corporate turnover, turned out stable, but in large parts of the Eurozone there was less growth than hoped for.

However, Fagerhult has been recording a recovery in the lighting market ever since the beginning of 2013, and this is likely to continue in 2015.

New product developments, marketing and pushing ahead with internationalization are to ensure further growth.

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On a comparable basis - that is, adjusted for portfolio and currency effects - in the business year begun in October Osram’s turnover stood slightly above that of the comparable period of the prior year with a growth rate of 0.5%.

On a comparable basis - that is, adjusted for portfolio and currency effects - in the business year begun in October Osram’s turnover stood slightly above that of the comparable period of the prior year with a growth rate of 0.5%.

Nominally the turnover rose by as much as 5%, from EUR 1,326 m to EUR 1,393 m. The increase is mainly the result of the weaker euro and the acquisition of Clay Paky.

The EBITA, adjusted for special effects, rose by 23% in the 1st quarter to EUR 151 m, with positive effects from the transformation programme, productivity increases and the continuing positive trend in the optical semi-conductor division making themselves felt again.

In contrast, Osram recorded a nominal loss in EBITA of EUR 41 m, including EUR 184 m in transformation costs, which are particularly related to the personnel adjustments in Germany already announced.

The post-tax loss for the quarter stood at EUR 39 m. In view of the trends in the 1st quarter Osram has confirmed its forecast for the 2015 business year.

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