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2 Oct 2013 07:00
Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, has today issued a trading update for the six months ending 30 September 2013 ("H1") ahead of publishing half-year results on 14 November 2013
Group underlying sales growth (1) in H1 was around 1%, with stronger sales growth in September of around 4%. In H1 International grew by 3% and the UK declined by 3%. Within International both Continental Europe and North America grew by 3% and Asia Pacific was flat.
eCommerce sales growth in H1 was around 6% and eCommerce sales comprised around 57% of Group sales.
Sales growth (1) | |||
Region | Q1 FY14 | Q2 FY14 | H1 FY14 |
Continental Europe | 3% | 4% | 3% |
North America | 3% | 3% | 3% |
Asia Pacific | -1% | 1% | 0% |
International | 2% | 3% | 3% |
UK | -3% | -2% | -3% |
Group | 1% | 1% | 1% |
UK excluding Raspberry Pi (2) | -3% | -1% | -2% |
There have been no significant changes to the Group's strong financial position during the period.
Ian Mason, Group Chief Executive, commented:
"In the first half Group underlying sales growth has remained similar to the second half of last year, at around 1%. We are investing in our strategic priorities to enable us to grow market share and improve our financial performance over the medium term."
Enquiries: | ||
Ian Mason | Group Chief Executive | 01865 204000 |
Simon Boddie | Group Finance Director | 01865 204000 |
Matt Jones | Head of Investor Relations & Corporate PR | 01865 207427 |
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 | |
Date: | Wednesday 2 October 2013 |
UK Time: | From 07:50 for 08:00 call |
Telephone number: | +44 (0) 1452 55 55 66 |
PIN: | 67512239 |
Chairman: | Ian Mason |
Electrocomponents plc - Replay Dial in Instructions (available until 11 October 2013) | |
Telephone number: | +44 (0) 1452 55 00 00 |
PIN: | 67512239# |
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