Trading Statement

RNS Number : 7862J

Electrocomponents PLC

07 April 2010

 



ELECTROCOMPONENTS PLC

Trading update: Year ended 31 March 2010

Electrocomponents plc, the leading international high service distributor, has today issued a trading update for the year ended 31 March 2010.

Since the Group's Interim Management Statement on 5 February 2010 sales growth rates have increased further in both February and March.  As a result we anticipate that headline profit before tax for the full year to 31 March 2010 will be above expectations and around £73m.

In the quarter ended 31 March 2010 Group sales grew by around 15% with the International business growing by around 19% and the UK by around 9%.  Within the International business Europe sales grew by around 12%, North America by around 28% and Asia Pacific by around 26%.  Group e-Commerce revenue grew by around 33%.

Ian Mason, Group Chief Executive, commented:
"I am pleased to report that the Group's sales growth has increased throughout the final

quarter of the year with sales growing by around 15%.

We are continuing to strengthen our electronics, maintenance and e-Commerce offers ensuring that we are well positioned to take advantage of the opportunities in our markets".

Enquiries:

Ian Mason	Group Chief Executive	01865 204000
Simon Boddie	Group Finance Director	01865 204000
John Sunnucks / David Allchurch	Tulchan Communications	020 73534200

Notes:

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 Friday 16 April 2010.  Dial in instructions are set out below.

Electrocomponents plc - Conference Call Dial in Instructions
Date:	Wednesday 7 April 2010
UK Time:	From 07:50h for 08:00h call
Telephone number:	[phone]
Conference ID:	66774143
Chairman:	Ian Mason
Electrocomponents plc - Replay Dial in Instructions (available until Friday 16 April 2010)
Replay Telephone number:	[phone]
Conference Access Number:	66774143#

 

END

 

 

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