INDUSTRIAL supplies firm Brammer said sales and profits in the first four months of 2011 were ahead of expectations, buoyed by improving market conditions and gains in market share.
The company, whose UK national distribution centre is in Wolverhampton, said its sales per working day were up 18.5% year-on-year, while sales to its key account customers had increased by 25.6% and now made up around 39% of its total sales.
The company said sales per working day were now 18% ahead of their 2008 peak and cross-selling of products had delivered results across several different categories.
“May has started well and we expect to achieve further strong sales growth as a result of market share gains during the rest of this year,” the company said in a statement to the stock exchange.
“We believe all of our markets are now in growth and that our rate of market share gain has increased.
“We are confident that our long term strategy of focusing on key accounts, insites and cross-selling throughout Europe, to drive profitable market share gains, remains sound and that Brammer will continue to enjoy growth levels significantly ahead of the market.”
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