Electrocomponents PLC
13 July 2007
ELECTROCOMPONENTS PLC
July 2007 Interim Management Statement
Electrocomponents plc, the leading international high service distributor, has
today issued its first interim management statement for the year ending 31 March
2008
For the first quarter of the financial year sales have grown by around 7% for
the Group, comprising 11% in International and 2% in the UK. Within
International, which represents some 60% of Group turnover, sales have grown by
around 8% in Europe, 16% in North America and 14% in Asia Pacific. All growth
rates are adjusted for trading days and exchange rate movements.
The gross margin of the Group was around 50.1% for the quarter which was in line
with plan.
Looking ahead, we are continuing to drive our strategy to further improve our
offers both to our Electronic and Electromechanical (EEM) and our Maintenance,
Repair and Operations (MRO) customers.
The Board remains confident that this will be another year of good progress for
the Group.
Enquiries:
Ian Mason Group Chief Executive 01865 204000
Simon Boddie Group Finance Director 01865 204000
Diana Soltmann Flagship Consulting 020 7886 8440
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