Trading Statement

RNS Number : 4663P

Electrocomponents PLC

02 October 2013

 



Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, has today issued a trading update for the six months ending 30 September 2013 ("H1") ahead of publishing half-year results on 14 November 2013

Group underlying sales growth ⁽¹⁾ in H1 was around 1%, with stronger sales growth in September of around 4%. In H1 International grew by 3% and the UK declined by 3%. Within International both Continental Europe and North America grew by 3% and Asia Pacific was flat.

eCommerce sales growth in H1 was around 6% and eCommerce sales comprised around 57% of Group sales.

	Sales growth (1)
Region	Q1 FY14	Q2 FY14	H1 FY14
Continental Europe	3%	4%	3%
North America	3%	3%	3%
Asia Pacific	-1%	1%	0%
International	2%	3%	3%
UK	-3%	-2%	-3%
Group	1%	1%	1%
UK excluding Raspberry Pi (2)	-3%	-1%	-2%

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

Ian Mason, Group Chief Executive, commented:

"In the first half Group underlying sales growth has remained similar to the second half of last year, at around 1%. We are investing in our strategic priorities to enable us to grow market share and improve our financial performance over the medium term."

Enquiries:
Ian Mason	Group Chief Executive	01865 204000
Simon Boddie	Group Finance Director	01865 204000
Matt Jones	Head of Investor Relations & Corporate PR	01865 207427
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
Date:	Wednesday 2 October 2013
UK Time:	From 07:50 for 08:00 call
Telephone number:	[phone]
PIN:	67512239
Chairman:	Ian Mason
Electrocomponents plc - Replay Dial in Instructions (available until 11 October 2013)
Telephone number:	[phone]
PIN:	67512239#

 

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