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Electrocomponents FY revenues up 26% on LFL basis

Tue, 12th Apr 2022 07:04

(Sharecast News) - Industrial and electronics products distributor Electrocomponents said on Tuesday that revenues had grown 26% on a like-for-like basis in the twelve months ended 31 March.

Electrocomponents saw revenues grow 36% year-on-year in the Americas, while Asia-Pacific revenues were up 27% on the prior year and revenues across Europe, the Middle East, and Africa were up 22% on 2021 levels.

The FTSE 100-listed firm, which will change its name to RS Group in early May, also noted that it expects full-year adjusted operating profit margins to be at the top end of the consensus range.

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3 May 2022 16:41

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12 Apr 2022 09:39

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.

30 Mar 2022 07:42

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.

9 Mar 2022 09:43

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...

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