Hagemeyer's 1Q on Track, But U.S. Sales Slowing

Hagemeyer, the Dutch PPE distributor, said it achieved 8.0 percent organic revenue growth in 2007's first quarter, with its Professional Products and Services business achieving 8.2 percent for the quarter. Net revenue for the quarter was $2.08 billion versus $1.97 billion a year earlier, the company announced April 20.

PPS organic growth was positive in every region during the 2007 first quarter except for North America; PPS was down 3.9 percent in the United States and 4.0 percent for North America while both were at 15 percent positive a year earlier. The company said several factors were responsible, including the wind-down of a large, low-margin MRO customer contract during 2006, but also said the slowdown in U.S. residential construction "had a limited impact."

"Hagemeyer continued to show good sales growth in the first quarter," CEO Rudi de Becker said in the company's news release. "We continued to gain market share in many of our markets. Our sales growth in the Nordics, Spain, and Germany was particularly notable. In spite of some weakness in the U.S. market, we remain positive about 2007 and expect to further improve our Group profitability.

Download Center

HTML - No Current Item Deck
  • Safety Management Software - Free Demo

    IndustrySafe Safety Software’s comprehensive suite of modules help organizations to record and manage incidents, inspections, hazards, behavior based safety observations, and much more. Improve safety with an easy to use tool for tracking, notifying and reporting on key safety data.

  • Create Flexible Safety Dashboards

    IndustrySafe’s Dashboard Module allows organizations allows you to easily create and view safety KPIs to help you make informed business decisions. Our best of breed default indicators can also save you valuable time and effort in monitoring safety metrics.

  • Schedule and Record Observations

    IndustrySafe's mobile app allows managers, supervisors, and employees to conduct observations on employees involved in safety critical behavior on the go, with or without an internet connection. IndustrySafe’s pre-built BBS checklists may be used as is, or can be customized to better suit the needs of your organization.

  • The 4 Stages of an Incident Investigation

    So, your workplace has just experienced an incident resulting in the injury or illness of a worker. Now what? OSHA recommends that you conduct investigations of workplace incidents using a four-step system.

  • Why Is Near Miss Reporting Important?

    A near miss is an accident that's waiting to happen. Learn how to investigate these close calls and prevent more serious incidents from occurring in the future.

  • Industry Safe
comments powered by Disqus

Free Whitepaper

Stand Your Ground: A Guide to Slip Resistance in Industrial Safety Footwear

This white paper helps to clarify this complexity, so you can better navigate the standards and better ensure the safety of your employees.

Download Now →

OH&S Digital Edition

  • OHS Magazine Digital Edition - October 2019

    October 2019

    Featuring:

    • WINTER HAZARDS
      Preparing for Old Man Winter's Arrival
    • CONSTRUCTION
      Staying Safe in the Trenches
    • INDUSTRIAL HYGIENE
      Setting a Higher Standard: The Limitations of Regulatory Limits
    • ELECTRICAL SAFETY
      Five Important Things to Know About Arc Flash PPE Programs
    View This Issue