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Sonepar Hungary projects turnover increase while sector shrinks

The French-owned electric goods distributor Sonepar Hungary projects increased turnover this year compared to HUF 5.9 billion last year, while the sector as a whole has declined, the company said in a statement.

The company operates 16 wholesale units in Hungary, employing 165 people.

Sonepar said it held a 10-12% share of the Hungarian market worth HUF 50 billion – HUF 60 billion.

The statement said Sonepar Hungary is to set up a nationwide network of specialist retail shops, starting with four units in December. The company plans to open a minimum 50 new shops next year, projecting to achieve nationwide coverage in 2011.

The Sonepar group, which has been active in Hungary since 1999, had total sales revenue of €13.8 billion in 2008. (MTI – Econews)