Sonepar – Sonepar Announces Record 2022 Results
Paris, March 23, 2023 – 2022 will be remembered as the best year in Sonepar’s history.
We delivered best-in-class performance in our 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 we 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 we entered the new “Leverage” phase. Sonepar is investing over 2 billion euros to have the world’s best automated supply chain in our industry and a further 1 billion euros in our global digital platform all whilst reducing our CO2 emissions and waste to limit global warming to 1.5°C.
We are modernizing our supply chain and deploying the first omnichannel platform in the distribution industry, called Spark. We 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.
Our people are what makes our business so unique. In 2022, 88% of associates affirmed they are proud of what Sonepar does. We continued to attract new talents in supply chain, in digital and many other areas to support our ambition transformation. Sonepar’s goal is to build an inclusive organization leveraging all our differences as strengths to power sustainable performance. In 2022, the Sonepar Group received the Gender Equality European & International Standard label (GEEIS).
Finally, we accelerated our 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. We are also proud to have our 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,” stated Philippe Delpech, Sonepar CEO.
More information on Sonepar: See the full profile on EMR Executive Services
More information on Marie-Christine Coisne-Roquette (Chairwoman, Sonepar): See the full profile on EMR Executive Services
More information on Philippe Delpech (CEO, Sonepar): See the full profile on EMR Executive Services
More information on the Sonepar Digital Factory: https://www.sonepar.com/news/detail/news/sonepar-ceo-philippe-delpech-going-digital-and-staying-over-the-counter.html + Our digital enterprise strategy includes projects that transform our IT practices, strengthen our cyber-security, and provide a global corporate data lake. We are digitizing our internal processes, our supply chain, our warehouses, and our inventory management.
The heart of our overall digital transformation is a Digital Factory: a cutting-edge way of upgrading and modernizing our customers’ experience, all while bringing the complete galaxy of Sonepar brands into a full omnichannel operating model. This, augmented by CRM capabilities, will propose a consistent and seamless experience to our customers, whether they come to us through a computer, a smartphone, or in a physical branch.
Each of our countries has a digitalization project roadmap, identifying the sorts of skilled people they will need to train or hire, and the capital investments they need to make. Our ambition is to bring our entire Group up to a homogenous level of digitalized processes and services.
The Sonepar Digital Factory must be the digital know-how reference in our industry.
The Sonepar Digital Factory is based in Gambetta, Paris (France) with 150 Digital Experts.
More information on the Sonepar Spark Platform: See the YouTube Video link + Sonepar Omnichannel Digital Platform. Launched on Sept 17th 2021 in Belgium (with Cebeo), the platform is intended to handle € 20bn sales by 2025. Spark first target group is small & medium sized installers (as they represent 35% of the total sales – 45% of sales in the first 4 pilot countries).
More information on the Gender Equality European & International Standard (GEEIS): https://arborus.org/en/label/ + Worldwide standard for equal opportunities. The GEEIS label assesses and promotes companies with a proactive approach to professional equality, both at the level of the parent company and within their subsidiaries which wished to have effective management tools for their equality policy. women-men.
The GEEIS label was launched on April 8 April 2010 at the European Economic and Social Council in Brussels by the Arborus Endowment Fund and its founding members, large companies committed to professional equality policies and wishing to create a process and a European culture first, then global on this topic.
More information on The Science Based Targets initiative (SBTi): https://sciencebasedtargets.org/ + The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
EMR Additional Notes:
- Major financial KPI’s since 2017 are available on EMR Executive Services under “Financial Results” and comparison with peers under “Market Positioning”
- Companies’ full profile on EMR Executive Services are based on their official press releases, quarterly financial reports, annual reports and other official documents like the Universal Registration Document.
- The Sonepar Panorama 2022 Presentation (2021 Results) can be found here: https://www.sonepar.com/resource/blob/7154/af86b40970dc702c8a4272e9c09677d9/sonepar-panorama-data.pdf