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Anixter International Inc. reports Q1 sales of US$1.47 Billion

Anixter International Inc. today reported results for the quarter ended March 28, 2008.


April 22, 2008  


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Anixter International Inc. today reported results for the quarter ended March 28, 2008.

The company said sales of US$1.47 billion, including US$12.3 million from acquisitions completed over the past 12 months, rose 11% compared to sales of US$1.33 billion in the same quarter last year.

“After more than two years in which sales growth was consistently broad based over the various customer end markets and geographies we serve, the first quarter of 2008 exhibited more divergent growth rates,” said Bob Eck, executive vice president and COO at Anixter.

“In the electrical wire & cable market our initiative to expand our presence in Europe made very good progress with year-on-year sales growth of 45%. In North America, we saw sales grow by 10% to US$1.02 billion in the quarter.”