By Bridget McCrea
Rexel SA (RXL:EN Paris) of Paris reported second quarter sales growth of 5.8%, compared to the same period in 2011.
The company, which supplies electrical products and solutions for the housing, commercial development and industrial markets, said the growth was supported by currencies (namely, appreciation of the U.S. dollar) and acquisitions.
Rexel recorded sales of €3.341bn (approximately $4.104 billion USD). On a constant and same-day basis, sales were flat for Rexel, as sustained growth in China and the Americas was offset by a slight drop in Europe and the Pacific.
For the first half of 2012, Rexel recorded sales of €6.568 bn (approximately $8.068 billion USD), up 6.6% on a reported basis and up 0.8% on a constant and same-day basis. Excluding the negative 0.9 percentage point impact due to the change in copper-based cable prices, sales were up 1.7% on a constant and same-day basis.
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McCrea is a Florida-based writer who covers business, industrial, and educational topics for a variety of magazines and journals. You can reach her at bridgetmc@earthlink.net or visit her website at www.expertghostwriter.net.
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