BUFAB overcomes raw material price increases with net sales and profit growth
Order, net sales and profits all grew for Bufab in 2017 across the full year and in Q4. Q4 Q4 2017 saw net sales rise up to SEK 828 million (18%) – 14% of which was organic. Kian Soon Mechanical Components was acquired in the same quarter. Order intake grew 16%, outstripping net sales, while operating […]
Fastenal yearly sales rocket to $4.39 billion
Minnesota-headquartered Fastenal saw double digit sales and pre-tax earnings growth for the year ended 31 Dec 2017. The wholesale distributor of industrial and construction supplies saw net sales increase 14.8% in the quarter (up $140.5 million) thanks to high unit sales via Fastenal’s industrial vending and Onsite locations. Fastener products represented 35% of sales in […]
SFS Group, inc GESIPA, sees growth in 2017
The Swiss SFS Group has revealed strong growth in 2017, with organic growth of 7.4% in 2017. Overall, the Group saw sales increase 13.7% to CHF 1,632.7 million and operating profit up 12.5%. The Group’s Fastening Systems segment saw good momentum continue into H2, with sales of CHF 384 million and growth of 8%. Demand […]
Growth in US, Europe & Asia for Bossard as sales grow 13%
Bossard Group enjoyed sales growth and set new records in all market regions last year. Sales in fiscal year 2017 rose 13.1% to CHF 786.2 million, fuelled by double-digit growth rates in all Europe, America and Asia. In Europe, Q4 sals grew 16.1% (57% of revenue). In America, the Group’s existing business contributed to the […]
Cordless power tool launches boost Makita growth in Europe, US & Japan
Makita’s sales grew in the first six months of its financial year (ending 31 March 2018) with growth at home and abroad. Consolidated net sales increased 15.4% from the previous year to 230,951 million yen (there was depreciation of the yen compared with the same period the previous year). Income before taxes increased 15.8% to 39,456 […]
Selco owner Grafton hits £2.3 billion revenue so far in 2017
Selco owner Grafton reported revenue growth in the first nine months of 2017, up 9.1% to £2.3 billion (2016: £2.11 billion, like-for-like). In constant currency terms, Group revenue increased 6.9% in the nine month period ending 31 October 2017. The UK Merchanting arm of the business, including perhaps Grafton’s best known brand, Selco, grew 5% and benefited from […]
Bufab sees “strong demand” in Q3 & opens Mexico subsidiary
Bufab saw growth in net sales, orders, market share and operating profit in Q3, but operating margin slipped slightly during the quarter. Bufab reported growth of 10% in net sales to SEK 735 million (668), with organic growth at 6%, in Q3 2017. The quarter also saw strong order intake, up 13% and higher than […]
Homebase struggles in Bunnings’ Q1 financials
Bunnings United Kingdom and Ireland (BUKI) total sales decreased 17.5% (13.8% in local currency) as difficult trading conditions persisted for Homebase in Q1 (the 13 week period to 45 September 2017). Owner Wesfarmers had a “generally pleasing” overall sales performance across its businesses, with the continued strong performances of Bunnings Australia and New Zealand, Kmart and […]
Snap-On sales grow but tools segment dips
US-registered Snap-On saw net sales grew 8.4% in Q3 2017, up $69.7 million to $903.8 million. In organic terms, that number was a more modest 2.3% rise or $19.5 million gain, with $44.3 million of acquisition-related sales and $5.9 million of favourable foreign currency translation. Tools down Snap-on Tools Group segment sales of $392.7 million in the quarter decreased $4.5 million, or 1.1%, from […]
Travis Perkins bucks ‘challenging market’ with modest Q3 sales growth
Travis Perkins saw total Group sales grow 3.5% in Q3, with like-for-like sales growth of 4.1%, partly benefiting from a relatively weak comparable in 2016. Sales price inflation across the Group in Q3 was 3.9%, (3.4% YTD), reflecting pass through of cost price inflation driven by foreign currency movements since June 2016 and recent increases […]