Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksECM.L Share News (ECM)

  • There is currently no data for ECM

Electrocomponents growing fast

Fri, 15th Jul 2011 08:19
Electrocomponents, the FTSE 250 firm which supplies electronic products and provides maintenance services, saw revenue rise 14% in its first reporting quarter.Between April and June the International business grew by 17% and the UK by 8%.The management claims it is taking market share from smaller distributors who cannot match Electrocomponents' offer.The electronics side of the business has grown 16%, slightly better than maintenance which is up 13%.Importantly for the firm, online retailing has grown 30% and now contributes around half of all sales. Ian Mason, Group Chief Executive, commented: "We have made a good start to the financial year with 14% revenue growth and 30% eCommerce growth.  With more than half our revenue now on the web we are well on our way to becoming an eCommerce centred business."The shares rose 4.1p to 248.5p on the release of the figures.BS

Related News

IN BRIEF: Electrocomponents name change to RS Group confirmed
3 May 2022

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
12 Apr 2022

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
12 Apr 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

London pre-open: Footsie set to slide below 5,000
3 Oct 2011

London pre-open: Footsie set to slide below 5,000

The UK's blue-chip index is set to dive below the 5,000 level with City traders anticipating a fall of around 140 points from Friday's close of 5,128,...

Tuesday tips round-up: Reckitt Benckiser, Electrocomponents, Persimmon
26 Jul 2011

Tuesday tips round-up: Reckitt Benckiser, Electrocomponents, Persimmon

Analysts had two concerns over the halfway figures from Reckitt Benckiser ? the tough market for personal care products in Europe and the slow adoptio...

Tuesday tips round-up: Electrocomponents, United Carpets, Phytopharm
19 Jul 2011

Tuesday tips round-up: Electrocomponents, United Carpets, Phytopharm

Shares in Electrocomponents are currently 22% below their peak in May and 9% below the price when its smaller rival Premier Farnell came out with a sh...

Whitbread's Harrison takes a top-up
18 Jul 2011

Whitbread's Harrison takes a top-up

Whitbread's chief executive Andy Harrison has taken a top-up in the Costa Coffee and Premier Inn owner's shares, spending nearly £250,000. He took 16...

London close: Flat finish after busy day
15 Jul 2011

London close: Flat finish after busy day

The top share index finished flat but it was an unusually busy day on the corporate news front with big movements in both directions. BHP Billiton fe...

London midday: Stocks move both ways after updates
15 Jul 2011

London midday: Stocks move both ways after updates

Stocks are moving in both directions on a surprisingly busy company news day for a Friday. The FTSE 100 is flat. BHP Billiton falls after the company...

London open: More losses as Europe worries continue
15 Jul 2011

London open: More losses as Europe worries continue

Stocks have fallen back in early dealings with nerves on edge over Europe again, this time as traders await banking stress test results. In stocks ne...

Electrocomponents growing fast
15 Jul 2011

Electrocomponents growing fast

Electrocomponents, the FTSE 250 firm which supplies electronic products and provides maintenance services, saw revenue rise 14% in its first reporting...