Sonepar, a leading B2B distributor in the electrical products sector, reported impressive financial figures for 2024. The company achieved a total revenue of €32.5 billion for the year.

In terms of regional breakdown, Sonepar's growth is significantly influenced by its North American operations. In 2024, they acquired 17 new companies, which contributed an additional €2.2 billion in sales, with 90% of that growth coming from North America. This acquisition strategy highlights their ongoing expansion and strong market presence in the U.S. and Canada. For more information on the acquisition details, you can visit Sonepar's news release on acquisitions.

Additionally, Sonepar reported record digital sales of €11 billion (approximately $11.9 billion USD) in 2024, marking a 30% year-over-year increase. This significant jump in digital sales reflects the evolving landscape in B2B distribution, where e-commerce plays a crucial role in business growth. Further details can be found in Digital Commerce 360's report.

Overall, Sonepar's revenue achievements and strategies highlight its robust performance and expansion, especially in North America, as they continue consolidating their leading position in the electrical distribution market. For a holistic view, you might find the statistics in their official 2024 Key Figures announcement and the Panorama Report useful.

Sources

About Sonepar | The leader in B2B distribution of electrical products[PDF] Panorama: Sonepar at a glanceSonepar Announces 2024 Key FiguresB2B distributor Sonepar plugs $11.9 billion in annual digital salesSonepar's North American Expansion Brings Over $2B in Additional ...Sonepar Completes 17 Acquisitions in 2024 for a Record €2.2Bn ...Sonepar: 2024 Deals Add $2B in Revenue

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