CE North America boosts Buhrmann

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4 August 2005 – Amsterdam (NL): Buhrmann has posted a 6 per cent increase in Q2 organic sales of global office products, driven by sales growth of 7 per cent at Corporate Express (CE) North America, 5 per cent at Office Products Europe and by 11 per cent at Office Products Australia.

The group’s net sales were stronger than expected, rising 3.2 per cent to €1.48 billion and net profit rose 32.1 per cent to €17.3 million, although it missed expectations of net profit of €27.4 million.

 

CEO and President Frans Koffrie said: "We remain positive about prospects for ongoing sales growth in 2005, based on our expectations of continued, steady improvement of market conditions in North America and further positive effects of our measures to enhance European performance. Growth is forecast to continue in the Australian economy."