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Interim Management Statement

4 Feb 2014 07:00

RNS Number : 1859Z
Electrocomponents PLC
04 February 2014
 



Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, has today issued its interim management statement for the period from 1 October 2013 to 31 January 2014.

 

For the four months to 31 January 2014 Group underlying sales growth(1) was around 2%.

International sales grew by 4% and UK sales declined by around 2%. UK sales excluding Raspberry Pi (2) grew by 1%. Within International, Continental Europe grew by 5%, North America grew by 3% and Asia Pacific grew by 2%. Sales growth in North America was significantly impacted by adverse weather conditions during December and January.

 

eCommerce sales continue to grow faster than the Group as a whole, benefitting from our investments in website functionality. eCommerce sales growth was around 5%, resulting in eCommerce comprising around 59% of Group sales during the period.

 

There have been no significant changes to the Group's strong financial position during the period.

 

Sales growth(1)

Region

6 months to Sept 2013

4 months to Jan 2014

Continental Europe

3%

5%

North America

3%

3%

Asia Pacific

0%

2%

International

3%

4%

UK

-3%

-2%

Group

1%

2%

UK excluding Raspberry Pi (2)

-2%

1%

 

Ian Mason, Group Chief Executive, commented:

"Group sales growth during the four-month period was around 2%, compared to 1% sales growth in the first half. All regions have delivered improving sales trends as compared to the first half with the exception of North America, which was significantly impacted by adverse weather conditions during December and January."

 

Enquiries:

Ian Mason Group Chief Executive 01865 204000

Simon Boddie Group Finance Director 01865 204000

Matt Jones Head of Investor Relations 01865 207427

& Corporate PR

David Allchurch/Martin Robinson Tulchan Communications 020 73534200

 

Notes:

(1) Sales growth rates, unless otherwise stated, are adjusted for trading days and currency movements ("underlying sales growth/decline").

(2) The Raspberry Pi is a low-cost credit card-sized single-board computer designed and developed by the Raspberry Pi Foundation, a charity established to promote computer development skills in education across the world.

 

 

Electrocomponents plc - Conference Call Dial-in Instructions

There will be a telephone conference call today at 08.00h for analysts and investors. Dial-in instructions are set out below.

 

Date:

Tuesday 4 February 2014

UK Time:

From 07:50h for 08:00h call

Telephone number:

+44 (0) 1452 55 55 66

Conference ID:

31499243

Chairman:

Ian Mason

Electrocomponents plc - Replay Dial-in Instructions (available until 11 February 2014)

Replay Telephone number:

+44 (0) 1452 55 00 00

Conference Access Number:

31499243#

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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