Apr 10, 2025 / 07:30PM GMT
Operator
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware first quarter 2025 results conference call. (Operator Instructions) Also note that this call is being recorded on April 10, 2025. (spoken in foreign language)
Richard Lord - Richelieu Hardware Ltd - President, Chief Executive Officer, Director
Thank you. Good afternoon, ladies and gentlemen, and welcome to Richelieu conference call for the first quarter ended February 28, 2025. With me is Antoine Auclair, CFO and COO. As usual, note that some of today's issue include forward-looking information, which is provided with the usual disclaimer as reported in our financial filings. Richelieu made a strong start in 2025.
While the first quarter is generally the weakest period of the year and market conditions remain relatively stagnant, our total sales climbed by 8.6%, driven equally by internal growth and acquisitions. This increase reflects the good performance of the manufacturers market, where sales were up 10%, thanks to our strategy of innovation, acquisition, market penetration and
Q1 2025 Richelieu Hardware Ltd Earnings Call Transcript
Apr 11, 2025
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