Market News

News aus der Elektroindustrie

Mike Roman, CEO of 3M, announced his forecast for the next 5 years from 2019 to 2023 at Investors Day.........

Mike Roman, CEO of 3M, announced his forecast for the next 5 years from 2019 to 2023 at Investors Day.

at the headquarters in St. Paul, as well as his priorities for the future.

According to this, sales are expected to increase by 3 - 5% in local currency, earnings per share are expected to rise by 8 -11% and the return on invested capital should reach 20%.

The priorities for long-term growth and value creation focus on the company portfolio, innovation, transformation, people and culture.

 

For 2018, 3M continues to expect an above-average result.

Read more

Legrand generated sales of EUR 4,437.4 m in the first nine months of this year, an increase of 11.3% ..........

Legrand generated sales of EUR 4,437.4 m in the first nine months of this year, an increase of 11.3% ..........

over the previous year. The operating result increased by 10% and the net profit even by 21.1% to EUR 574.5 m.


Compared to the same period of the previous year, sales in France only rose by 0.1%, in Italy 5.7% and in the rest of Europe 10.4%.

Sales in North and Central America increased by 4.1% and in the rest of the world by 4.7%.

So a very good result that was essentially influenced by two factors. Legrand has been successful with new product launches in various countries, and through takeovers since the beginning of the year, it has further consolidated its position in the world markets. (We reported on the acquisitions made in 2018 on electro-insider on August 4th).

Read more

Eiko from Shawnee / KS engaged mid-October Richard (Rick) D. Leaman. Leaman will be responsible.......

Eiko from Shawnee / KS engaged mid-October Richard (Rick) D. Leaman. Leaman will be responsible.......

for the entire lighting program.

Leaman has more than 30 years of experience in this field, which he essentially acquired as Managing Director for the Americas at Osram Sylvania.
 

Read more

Wesco International from Pittsburgh/ Pennsylvania, one of the largest electrical and industrial wholesalers........

Wesco International from Pittsburgh/ Pennsylvania, one of the largest electrical and industrial wholesalers........

in the US, increased its turnover to USD 2.1 bn (EUR 1.8 bn) in the third quarter; this was an increase of 3.4% compared to the same period of the previous year.

Operating income amounted to USD 97.5 m (EUR 85.6 m), up 9.8%.


For the 9 months of the year, this translates into revenues of USD 6.2 bn (EUR 5.4 bn); plus 8.8% compared to 2017.

For the coming year the CEO John J. Engel, expects above-average results and sales growth by 3% - 6%.

Read more

W. W. Grainger of Lake Forest / Illinois, one of the largest wholesalers in the US in the field of .........

W. W. Grainger of Lake Forest / Illinois, one of the largest wholesalers in the US in the field of .........

maintenance, repair and operating (MRO), named a successor for the retired Joseph High.

It is Ms. Kathleen S. Carroll; she comes from the First Midwest Bank, where she was already in management responsibility.

Carroll has extensive human resources management expertise, in particular talent search and development and all sorts of compensation questions, as well as replacement situations.

Grainger had a turnover of USD 10.4 bn (EUR 9.1 bn) in 2017.

Read more

Solar from Denmark complains that the changes in distribution structures in Sweden and Norway are.........

Solar from Denmark complains that the changes in distribution structures in Sweden and Norway are.........

not yet effective and that therefore have been slight shifts in sales and earnings in the third quarter and it will take still some time until the expected recovery shows positive results.

Sales in the third quarter of 2018 amounted to DKK 2,546 m (EUR 341 m); a minus of 2.2%. For the 9 months, sales in 2018 were DKK 8.118 m (EUR 1.088 m); a slight minus of 0.1%.

Profit before tax from January to September was DKK 172 m (EUR 23 m), 20.4% down on the same period of the previous year.

Full-year sales are expected to reach DKK 11,100 m (EUR 1,488 m), an increase of approx. 2%.

Read more

Rexel posted sales of EUR 3,313.0 m in the third quarter; this is an increase of 3.8% compared to the previous year, ..............

Rexel posted sales of EUR 3,313.0 m in the third quarter; this is an increase of 3.8% compared to the previous year, ..............

but with different characteristics in the different countries.

In Europe, sales were EUR 1,766.8 m (+ 1.6%), with France up 2.5% to EUR 629.3 m and the UK down 2.9% to EUR 204.5 m, in Germany turnover went down by a hefty 10.9% to EUR 193 m.

North America reached EUR 1,239.9 m, an increase of 7.3%; in the Asia / Pacific region it was EUR 306.4 m (+ 3.3%).


In the 9 months, Rexel reached EUR 9,868.8 m worldwide, down 0.3%.

55% (EUR 5,447.8 m) are made in Europe, of which EUR 1,992.8 m in France, EUR 614,8 m in the UK and EUR 597,3 m in Germany.

A total of 27,046 people were employed, with EBITA amounting to EUR 435 m, an increase of 5.1%.

Read more

During its regular meeting on October 24, Rexel’s Board of Directors appointed Mr. François Auque as an observer........

During its regular meeting on October 24, Rexel’s Board of Directors appointed Mr. François Auque as an observer........

with the aim of proposing him to the General Meeting next year as a member of the Board.

As an observer, he participates in the meetings of the Executive Board in an advisory capacity, and the Board of Directors can thus benefit from his experience and expertise.

Auque spent the last 18 years in various executive positions in the aviation/space industry and was a member of various supervisory boards but also here essentially only in aviation and not in the electrical industry!!

Read more

Legrand of North and Central America announced its partnership agreement with Lumileds, whereas.......

Legrand of North and Central America announced its partnership agreement with Lumileds, whereas.......

the healthcare and education market segment with a new easy-to-install system will be targeted.

Lumileds is one of the world's leading manufacturers in the lighting sector and becomes the exclusive supplier to Legrand in the Americas in the LED sector.

In December 2016, Philips, the former parent company, sold 80.1% of its Lumileds light business to the investment company Apollo, following the concerns of CFIUS (Committee on Foreign Investments in the US) and the sale of the LED division to the Chinese consortium Go Scale Capital has been canceled.

Read more

As announced mid-December, the parent company Philips has sold 80.1% of its light division Lumileds to the investment company Apollo for 1.5 billion USD (1.4 billion EUR).

As announced in mid-December, the parent company Philips sold 80.1% of its Lumileds lighting division to its affiliate Apollo for $ 1.5 billion (€ 1.4 billion).

The remaining 19.9% ​​Philips wants to keep at least 3 years. A definitive deal is expected in the first half of 2017. As we said on January 25, 2016, Philips has acknowledged CFIUS's concerns about US foreign investment controls Sale of the LED division to the Chinese consortium Go Scale Capital canceled. Originally, Go Scale should own the 80.1% of Philips.

The purchase price would have been $ 3.3 billion at the time (€ 3.1 billion). So for now: a $ 1 7 billion ($ 1.7 billion) financial loss to Philips.

With this transaction, we want to start talking about the light business you want to focus on the health and medical business in the future.

Read more