Electronics and maintenance products distributor Electrocomponents holds its annual general meeting (AGM) on Friday, and shareholders will be hoping that the recent revival in fortunes has continued.
Back in May, the group said there had been a switch-round in recent weeks with growth in the UK compensating for a levelling out in international sales.
However, Peel Hunt is not especially confident that the AGM will be a cheery occasion. "With the global macro-economic environment having deteriorated further, especially in Asia, we see increasing pressure on forecasts," the broker said.
The broker is a bit more optimistic about the longer term. "Electrocomponents is a market leader and will likely benefit long-term from tough trading conditions as competitors fail, but in the short term we think global macro headwinds will weigh on the shares," it said.
INTERIM DIVIDEND PAYMENT DATE
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