Interim Management Statement

RNS Number : 1859Z

Electrocomponents PLC

04 February 2014

 



Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, has today issued its interim management statement for the period from 1 October 2013 to 31 January 2014.

For the four months to 31 January 2014 Group underlying sales growth⁽¹⁾ was around 2%.

International sales grew by 4% and UK sales declined by around 2%. UK sales excluding Raspberry Pi ⁽²⁾ grew by 1%. Within International, Continental Europe grew by 5%, North America grew by 3% and Asia Pacific grew by 2%. Sales growth in North America was significantly impacted by adverse weather conditions during December and January.

eCommerce sales continue to grow faster than the Group as a whole, benefitting from our investments in website functionality. eCommerce sales growth was around 5%, resulting in eCommerce comprising around 59% of Group sales during the period.

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

	Sales growth(1)
Region	6 months to Sept 2013	4 months to Jan 2014
Continental Europe	3%	5%
North America	3%	3%
Asia Pacific	0%	2%
International	3%	4%
UK	-3%	-2%
Group	1%	2%
UK excluding Raspberry Pi (2)	-2%	1%

Ian Mason, Group Chief Executive, commented:

"Group sales growth during the four-month period was around 2%, compared to 1% sales growth in the first half. All regions have delivered improving sales trends as compared to the first half with the exception of North America, which was significantly impacted by adverse weather conditions during December and January."

Enquiries:

Ian Mason                                             Group Chief Executive           01865 204000

Simon Boddie                                       Group Finance Director         01865 204000

Matt Jones                                            Head of Investor Relations    01865 207427

                                                             & Corporate PR

David Allchurch/Martin Robinson          Tulchan Communications      020 73534200

Notes:

(1)  Sales growth rates, unless otherwise stated, are adjusted for trading days and currency
 movements ("underlying sales growth/decline").

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

Electrocomponents plc - Conference Call Dial-in Instructions
There will be a telephone conference call today at 08.00h for analysts and investors.  Dial-in instructions are set out below.
Date:	Tuesday 4 February 2014
UK Time:	From 07:50h for 08:00h call
Telephone number:	[phone]
Conference ID:	31499243
Chairman:	Ian Mason
Electrocomponents plc - Replay Dial-in Instructions (available until 11 February 2014)
Replay Telephone number:	[phone]
Conference Access Number:	31499243#

 

END

 

 

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