Electrocomponents PLC
16 July 2004
Embargoed to 12.00 noon 16 July 2004
ELECTROCOMPONENTS PLC
Electrocomponents plc, the major international high service distributor of
electronic, electrical, industrial and commercial supplies, has today given a
trading update at its Annual General Meeting.
Trading Update
We announced our results for the year ended 31 March 2004 on 26 May 2004 and
provided a review of current trading as part of that announcement.
Since the year end, our overall sales have continued to grow at about 5% on a
like for like basis against the same period last year. Growth in our geographic
regions has also been similar to the rates achieved at the year end.
Gross margin, costs and cash flow to date have been in line with our
expectations.
Though economic indicators remain positive across our major markets, we continue
to believe that a cautionary view is appropriate.
Contacts:
Ian Mason Chief Executive 01865 204000
Jeff Hewitt Deputy Chairman / Finance Director 01865 204000
Diana Soltmann Flagship Consulting Ltd 0207 886 8440
Andy Berry Flagship Consulting Ltd 0207 886 8440
This information is provided by RNS
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