Sonepar Announces Record 2023 Results
Sonepar, the world leader in B-to-B distribution of electrical equipment, solutions, and services has reported sales of €33.3 Bn for the year ended December 31, 2023.
In 2023, Sonepar grew faster than the market and completed 13 acquisitions, mainly in the USA, representing 1,143 new associates. These acquisitions generate in aggregate approximately €1 Bn in annual sales.
The Group continued to leverage its transformation on a global scale, making progress in sustainability, social responsibility, supply chain, and digital. Its omnichannel platform achieved over €1 Bn in sales and is now live in six countries. As part of its supply chain modernization program, Sonepar completed 10 automation projects in Distribution Centers around the world.
Sonepar serves the largest community of installers, industry, and infrastructures, and its Green Offer, the first indicator in the industry to compare environmental performance at the product level, is now live in six countries. The Group is a world leader in sales of energy-efficient products and solutions. In 2023, it achieved €2 Bn sales of Renewable Energy related products and has been awarded by EcoVadis, the world’s largest provider of sustainability ratings, a bronze rating in sustainability, placing it in the top 15% of companies in the wholesale of machinery and equipment industry.
In 2023, 90% of Sonepar’s associates stated that they are proud to work for their company, and for the first time, the Group was ranked in the Financial Times’ “Leaders of Diversity” list. Eager to attract new talent to support its ambitious transformation, Sonepar aims to build an inclusive organization leveraging all differences as strengths to power sustainable performance.
“2023 could be summarized in two words: stability and agility. We continued the deployment of our strategy, and, against a backdrop of economic slowdown, our teams have demonstrated exceptional adaptability to deliver remarkable performance. We delivered our best year ever in terms of sales, and one of the milestones of 2023 was undoubtedly the declaration of our purpose reflecting our CSR commitments and unifying the Group for the decades to come”, stated Philippe Delpech, Sonepar CEO.
2023 Sonepar Group Key Figures
Leading the market:
- World leader
- €33.3 Bn sales
- €11 Bn online sales
With a powerful network:
- 40 countries
- 45,000 associates
- 85% engagement rate
- 80 brands
- 180 distribution centers
- 2,400 branches
For a positive impact:
- Green Offer live in 6 countries
- €2 Bn sales of Renewable Energy products
- 2030 climate targets validated by the SBTi
About Sonepar
Sonepar is an independent family-owned company standing as the world leader in B-to-B distribution of electrical equipment, solutions, and services. In 2023, Sonepar achieved sales of €33.3 billion. Present in 40 countries with a dense network of brands, the Group is leading an ambitious transformation to make its customers’ lives easier providing them an omnichannel experience and sustainable solutions in the building, industry, and energy markets. Sonepar’s 45,000 associates are committed to accelerating the world’s electrification and driven by a shared Purpose. www.sonepar.com
