2016 was Bufab’s best year yet
Bufab has seen healthy growth and improved operating margin, according to its year-end report 2016, making it Bufab’s best year to date. The 12 month period, which also saw the group acquire UK-based Montrose Holdings, saw net sales rise 16% to SEK 2,847 million (2,458), with organic growth at 4%. Order intake exceeded net sales […]
USA’s Home Depot sales hit $95 billion record
The world’s largest hardware retailer has seen sales grow 6.9% to $94.6 billion in fiscal year 2016. Store sales for The Home Depot were up 5.6% while comp sales for US stores were at 6.2% for the year. Numbers up for Q4 Q4 2016 sales reached $22.2 billion, up 5.8% compared to Q4 2015. Store sales […]
Slight growth for NORMA in 2016
Preliminary sales in 2016 rose a modest 0.6% to €894.9 million for NORMA in fiscal year 2016 (2015: €889.6m). The Group saw preliminary adjusted EBITA increase 0.8% to €157.5 million, while adjusted EBITA margin stuck at a sustained high level of 17.6%. The period included the acquisition of automotive component manufacturer Autoline and Portugese clamps firm Lifial. Autoline […]
Bulten rates prospects to take market share in H2 2017
Following a strong order book at the end of 2016, Bulten’s prospects for winning market share are looking strong in the second half of 2017, according to the fastener supplier. Bulten has released its financial report for Q4 and full year 2016, revealing profitability was up in Q4. Q4 Net sales hit Swedish Krona (SEK) 674 […]
Arconic posts first results post-business separation
Revenue was largely flat across Q4 and full year (2016) for Arconic, year-on-year. Q4 revenue hit $3billion ($3bn Q4 2015) and the numbers were similarly static for the full year at $12.4 billion in 2016 and 2015. The quarter results were Arconic’s first since its separation of the business, with the move affecting the numbers significantly. […]
‘Solid progress’ for Ingersoll Rand tool division
Ingersoll Rand’s Industrial segment – including its power tools business – has seen solid progress above internal expectations. According to the latest set of financials from the business, covering Q4 2016, revenues rose 1%, with organic revenues rising 2%. As a whole, the Industrial Products segment of Ingersoll Rand’s business saw organic revenues and bookings […]
Revenue rises to £2.51 billion for Selco owner Grafton
Selco’s Merchanting division has outperformed the UK market, resulting in revenue growth, the group has announced. For the year ended 31 December 2016, group revenue was up 13.4% to £2.51 billion (£2.21 billion in 2015) and 10.4% in constant currency. Merchanting (92% of Group Revenue) Revenue gains came from established branches and growth from new […]
Europe and America fuel Bossard sales record
Sales hit CHF 695 million (£562m) in fiscal year 2016 for Bossard Group, up 5.9%. Q4 2016 saw sales up a whopping 15.1% compared to the same period in 2015, at CHF 181.7 million. Europe (+8.2%) and America (+38.9%) were the star performing territories for Bossard, the latter thanks in part to the acquisition of […]
Grainger sales marginally down, but earns perfect score in Corporate Equality Index
Grainger has reported a slight dip in sales results for November 2016, compared like-for-like with the same month last year. Company daily sales were down 3% in November 2016 versus November of 2015, driven by a 1% point decline in volume, a 1% decline in price and a 1% point decline from lower sales of […]
UK and Poland offset soft sales in France for Screwfix owner
Screwfix has spearheaded Kingfisher’s quarter three 2016 results, up 23.1% in Q3 2016. Kingfisher, which also owns B&Q in the UK and Castorama and Brico Depot in France, saw an overall like-for-like sales performance up 1.8%. The UK and Poland drove sales for the group – sales in Poland were up a whopping 26.7% in […]