Even though the debt crisis created market uncertainty in the last quarter of 2011, Sonepar finished the year with autonomous growth of over 8 percent, achieved through increased market share in most countries in which the group operates.
Revenue in 2011 totaled โฌ14.7 billion, up from โฌ13.4 billion in 2010, representing a 10-percent increase. Sonepar has thus reaffirmed its global industry leadership.
At the same time, Sonepar has maintained its drive for external growth, with new acquisitions in 2011 adding close to โฌ700 million to total revenue. In the U.S., for example, the group moved into the number-one slot in California (the worldโs ninth largest economy) by acquiring Independent Electric Supply and OneSource Distributors. Sonepar likewise strengthened its presence in China, Canada, and several European countries through a variety of acquisistions.
So 2011 was a year in which performance targets were met. In 2012, Sonepar will continue to invest, particularly in high-growth countries, but without losing sight of the uncertain business climate in the coming months.