HIGHLIGHTS OF THE FIRST QUARTER ENDED FEBRUARY 28, 2025
MONTREAL, April 10, 2025 /CNW/ - (TSX: RCH) "Richelieu has strongly started the 2025 fiscal year with five new acquisitions and an 8.6% increase in sales. This result is all the more appreciable given that the first quarter is historically the weakest period of the year and the renovation market conditions remained relatively stagnant during the period. Our market development initiatives, combined with contributions from acquisitions, the diversification of our market segments, and our added value of our service offering, contributed to this performance. We made significant progress in the manufacturers' market, where sales grew by 9.9%, including 5.1% internal growth, reaching $385.1 million. In the hardware retailers and renovation superstores market, sales remained stable compared to Q1 2024, at $56.6 million. We are currently making significant investments to install new in-store displays and add new product lines in order to boost sales to retail customers. We see these initiatives are starting to bear fruit, with sales growth in this market in Canada."
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