Interim Management Statement

RNS Number : 5840H

Electrocomponents PLC

13 July 2012

 



ELECTROCOMPONENTS PLC

Interim Management Statement

Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, has today issued its interim management statement for the year ending 31 March 2013 which covers the first quarter ended 30 June 2012

In the first quarter Group sales were at a similar level to last year. The International business declined by 2% and the UK grew by 5%; 2% of which was accounted for by Raspberry Pi ⁽¹⁾. Within International, Continental Europe grew by 1%, North America declined by 4% and Asia Pacific declined by 3%.

During the quarter maintenance, which represents almost 60% of Group sales, grew with automation and control performing well, whilst electronics declined slightly. eCommerce continues to grow and is our customers' preferred channel, with around 54% of our revenues transacted online during the quarter.

There have been no significant changes to the Group's strong financial position during the period.

Ian Mason, Group Chief Executive, commented:

"Sales are at a similar level to last year despite strong comparators and a challenging economic environment. We are mindful of the macroeconomic environment and, as we have demonstrated in previous years, we are able to respond quickly to changing conditions.

We are well-positioned compared to the numerous, smaller distributors against whom we primarily compete, who do not have the advantage of our global scale and reach. We are therefore continuing to invest in our strategic priorities to leverage these advantages."

Enquiries:
Ian Mason	Group Chief Executive	01865 204000
Simon Boddie	Group Finance Director	01865 204000
Matt Jones	Head of Investor Relations	01865 204000
John Sunnucks/David Allchurch/ Martin Robinson	Tulchan Communications	020 73534200

Notes:

⁽¹⁾  The Raspberry Pi is a new low-cost credit card sized single-board computer designed and developed by the Raspberry Pi Foundation, a charity established to promote the development of computer development skills in education across the world.

All revenue growth rates are adjusted for trading days and foreign exchange rate movements.

There will be a telephone conference call today at 08.00h for analysts and investors with replay access to 19 July 2012.  Dial in instructions are set out below.

Electrocomponents plc - Conference Call Dial in Instructions
Date:	Friday 13 July 2012
UK Time:	From 07:50h for 08:00h call
Telephone number:	[phone]
PIN:	96126218
Chairman:	Ian Mason
Electrocomponents plc - Replay Dial in Instructions (available until 19 July 2012)
Telephone number:	[phone]
PIN:	96126218#

 

END

 

 

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