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BUZZ-Electrocomponents: Down to 5 months low on margin and FX pressure
** Electrocomponents falls 3.7 pct, to its lowestsince early Feb after co reports margin pressure and FXheadwinds
** The distributor of electronic products for engineers saysQ1 gross margin contracted 1.7 pct points yr/yr, hurt bynegative impact of foreign exchange, heavy discounting andfaster growth of lower margin products
** Co says implementing actions on pricing, purchasing anddiscounts which should benefit FY gross margin
** "While it is encouraging to see improving top line trendsthese are being offset by continued margin pressure," SanlamSecurities analysts wrote in a note (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)
Latest ECM News
- IN BRIEF: Electrocomponents name change to RS Group confirmed
3 May 2022 - TOP NEWS: Electrocomponents expects substantial annual revenue growth
12 Apr 2022 - Electrocomponents FY revenues up 26% on LFL basis
12 Apr 2022 - TOP NEWS: Electrocomponents to become RS Group; expects high margins
30 Mar 2022 - TOP NEWS: Electrocomponents expects to exceed annual revenue forecasts
9 Mar 2022 - Electrocomponents shares jump on upbeat trading statement
9 Mar 2022 - TOP NEWS: Electrocomponents annual profit to be ahead of expectations
11 Jan 2022 - TOP NEWS: Electrocomponents, Dechra oust Darktrace and Johnson Matthey
1 Dec 2021
Related News
IN BRIEF: Electrocomponents name change to RS Group confirmed
Electrocomponents PLC - London-based industrial and electronic products distributor - Changes its name to RS Group PLC. The company previously announc...
TOP NEWS: Electrocomponents expects substantial annual revenue growth
(Alliance News) - Electrocomponents PLC on Tuesday confirmed it expects over 25% like-for-like revenue growth for financial 2022.
Electrocomponents FY revenues up 26% on LFL basis
(Sharecast News) - Industrial and electronics products distributor Electrocomponents said on Tuesday that revenues had grown 26% on a like-for-like ba...
ECM.L News
IN BRIEF: Electrocomponents name change to RS Group confirmed
Electrocomponents PLC - London-based industrial and electronic products distributor - Changes its name to RS Group PLC. The company previously announc...
TOP NEWS: Electrocomponents expects substantial annual revenue growth
(Alliance News) - Electrocomponents PLC on Tuesday confirmed it expects over 25% like-for-like revenue growth for financial 2022.
Electrocomponents FY revenues up 26% on LFL basis
(Sharecast News) - Industrial and electronics products distributor Electrocomponents said on Tuesday that revenues had grown 26% on a like-for-like ba...
TOP NEWS: Electrocomponents to become RS Group; expects high margins
(Alliance News) - Electrocomponents PLC on Wednesday said it will change its name to RS Group PLC in early May.
TOP NEWS: Electrocomponents expects to exceed annual revenue forecasts
(Alliance News) - Electrocomponents PLC on Wednesday said it expects annual revenue and adjusted operating profit margin to be ahead of market estimat...
Electrocomponents shares jump on upbeat trading statement
(Sharecast News) - Electrocomponents shares jumped on Wednesday as the company said it expected full year profits to be ahead of consensus estimates a...
TOP NEWS: Electrocomponents annual profit to be ahead of expectations
TOP NEWS: Electrocomponents annual profit to be ahead of expectations
TOP NEWS: Electrocomponents, Dechra oust Darktrace and Johnson Matthey
TOP NEWS: Electrocomponents, Dechra oust Darktrace and Johnson Matthey
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