Sonepar Announces Record 2022 Results

March 29, 2023

Sonepar 2022 record results

2022 will be remembered as the best year in Sonepar’s history. The company delivered best-in-class performance in the industry. The Group broke a new record with sales of 32.4 billion euros, +28% compared to 2021, and 18.5% autonomous growth.

Sonepar won market share in most of the countries in which they operate, completed 20 acquisitions and welcomed 2,100 new associates into the Sonepar family: a warm welcome to all of them!

2022 will also be remembered as a year of acceleration in terms of Sonepar’s transformation as they entered the new “Leverage” phase.  Sonepar is investing over 2 billion euros to have the world’s best automated supply chain in the industry and a further 1 billion euros in the global digital platform all whilst reducing CO2 emissions and waste to limit global warming to 1.5°C.

Sonepar is modernizing the supply chain and deploying the first omnichannel platform in the distribution industry, called Spark. The company made significant progress in both fields with the first automated central distribution centers opening in the USA at Cooper Electric and North Coast and the launch of Spark in Belgium, France, Italy and Norway.

Sonepar’s people are what makes the business so unique. In 2022, 88% of associates affirmed they are proud of what Sonepar does. The company continued to attract new talents in supply chain, in digital and many other areas to support an ambition transformation. Sonepar’s goal is to build an inclusive organization leveraging all differences as strengths to power sustainable performance. In 2022, the Sonepar Group received the Gender Equality European & International Standard label (GEEIS).

Finally, the company accelerated their sustainability agenda in 2022. Sonepar launched its Green Offer to allow customers to purchase products based on a sustainability rating, enabling them to lower the building industry carbon footprint. Sonepar is also proud to have greenhouse gas emission reduction targets validated by the Science Based Targets initiative (SBTi).

Here Are The Official Sonepar Group Key Figures For 2022:

Leading The Market

  • 32.4 billion euros sales
  • 10 billion euros online sales
  • #1 world leader

With A Powerful Network

  • 44,000 associates
  • 40 countries
  • 86% engagement rate
  • 80 brands
  • 2,400 branches
  • 170 distribution centers

For A Positive Impact

  • #1 in sales of energy efficient products
  • 230 sustainability initiatives
  • 2030 climate targets validated by the SBTi
  • Committed to reduce by 2030:
    • Absolute scope 1 and 2 GHG emissions by 46.2%
    • Absolute scope 3 GHG emissions by 13.5%

“In 2022, Sonepar achieved an outstanding performance. Not only are the financial results historic, but we also entered a new phase of our transformation to leverage more actively on a global scale, which will benefit our customers and provide exciting new challenges for our associates. Our 44,000 associates work every day to ensure that Sonepar remains the undisputed world leader in its sector. Sonepar aims to remain the leading B-to-B distributor of electrical products, solutions and related services; serving customers with an omnichannel digital experience, promoting best-in-class sustainability, and ensuring associates a diverse and inclusive working environment with a unique purpose,” 

Philippe Delpech, Sonepar CEO


Related Story

Sonepar Acquires Aztec Electrical Supply Inc. and Moves into Number 2 Spot in Canada

 Sonepar has returned to the acquisition mode in Canada. On November 2 Sonepar announced that its wholly-owned Canadian subsidiary, Sonepar Canada, Inc. has acquired Aztec Electrical Supply Inc. (“Aztec”). With a strong presence in the province of Ontario, the acquisition of Aztec will strengthen Sonepar’s ability to grow their industrial business model across the Greater Toronto Area.

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