The Office Times

ACCO sales boosted by Esselte and Pelikan Artline

The acquisitions of Esselte and Pelikan Artline resulted in ACCO Brands increasing its net sales by 29% to $359.8 million from $278.1 million in the first quarter compared to the prior-year quarter. 

Excluding the effects of the Esselte and Pelikan Artline acquisitions and foreign exchange, comparable sales declined 5%. 

ACCO Brands EMEA saw sales increase 148% to $96.5 million from $38.9 million in the prior-year quarter.  The Esselte acquisition added 166% to sales, or $64.5 million.  Comparable sales decreased 12% due to share loss and inventory reductions at certain customers. 

Sales at ACCO Brands North America decreased 2% to $174.9 million from $179.3 million in the prior-year quarter.  The Esselte acquisition added 2% to North America sales, or $2.9 million.  The comparable sales decrease of 4% was primarily due to declines with office superstore customers and certain wholesalers.

Sales at ACCO Brands International were up 48% to $88.4 million from $59.9 million in the prior-year quarter.  The acquisitions added 43%, or $25.7 million.



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