Fastening segment leads growth for SFS
SFS Group – including Gesipa (and 51% of Heco) – saw sales growth of 6.5% in 2018, buoyed by growth across its end markets and territories. The group’s Fastening Systems segment was singled out for its above-average performance and market share grab. Sales grew 13.8% year-on-year to CHF 437.1 million. New product launches drove sales, […]
Atlas Copco posts all-time high revenues and profit
All-time high revenues and profit concluded a record year for Atlas Copco, with the Stockholm-headquartered firm noting the growing importance of service. Orders received in Q4 grew to MSEK 23,743 (22,459), an organic growth of 1%. Revenues were MSEK 25,321 (22,645), an organic growth of 7%. The operating profit increased to MSEK 5,661 (4,859) an […]
Selco owner Grafton sees consistent growth in 2018, so far
International builders merchanting and DIY group Grafton has seen like-for-like growth in Q3, continuing a positive trend throughout the year. The group, which owns Selco, Buildbase, Leyland SDM, Woodie’s and Gunters en Meuser, among others, saw like-for-like revenue rise 5.5% in the four months ended 31 October, with total revenue up 10.2% in the same […]
Kingfisher reports slight sales growth in H1 2018
Sales grew modestly for Kingfisher plc in the first half of 2018, up 1.2% on H1 2017 (1.1% l-f-l in constant currency). The group, owner of B&Q, Screwfix, Castorama, Brico Depot and Koctas, said solid performances in the UK and Poland were offset by “significant weakness” in France – Kingfisher has put actions into place […]
UK new car market stabilises while hybrid and plug-in see record growth
Year-on-year demand for new cars in the UK grew 1.2% in July, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). 163,898 new cars were registered in the month as the market stabilised following “a turbulent six months”. Alternatively fuelled vehicles enjoyed an uplift of 21%, with the market share […]
Makita quarterly profits grow 19%
Makita has revealed growth in terms of revenue and profit in the three months ended 30 June 2018. Revenue rose 8.5% to 122,638 million yen from 113,064 million yen, like-for-like. Profit rose 19%, up from 13,179 million yen to 15,684 million yen. Makita said it was buoyed by the global economic situation, with the economy gradually expanding, supported by […]
Bufab sales and profit up in first half of 2018
Net sales rose 19% to SEK 980 million (823) in Q2 2018 for Bufab, with organic growth at 9%. Order intake grew 18% while operating profit (EBITA) rose to SEK 98 million (78) and the operating margin to 10.0 percent (9.5) Thanks to a similarly strong Q1, Bufab’s half year numbers were also robust, with […]
SFS growth continues into H1 2018
Swiss HQ’d group SFS picked up where it left off 2017 with its growth momentum continuing into the first half of this year. The owner of Gesipa and 51% stake holder of HECO revealed that H1 sales amounted to CHF 855.9 million, up 9.9% on the same period in 2017. Organic sales reached 7.1% with growth […]
Sales rise $33m in Q2 for Norbar, BAHCO and Lindström owner Snap-on
Kenosha, Wisconsin headquartered Snap-on Incorporated saw sales rise in Q2 2018, bolstered by new product launches and ‘industry tailwinds’. Net sales of $954.6 million increased 3.6% or $33.2 million from 2017 levels. That $33.2 million included $12.1 million organic sales gain (1.3%), $8.1 million acquisition-related sales and $13 million favourable foreign currency translation. Commercial & […]
Bossard’s sales reach record highs in first half of 2018
Following Bossard’s “best quarter ever“, the group has posted record highs in the first half of 2018. Sales in H1 rose 13% to CHF 446.3 million, with growth across all three of its market regions (Europe, America and Asia). Excluding last year’s extraordinary income of CHF 4.5 million net from a real-estate sale, net income […]