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Trading Statement

7 Apr 2010 07:00

RNS Number : 7862J
Electrocomponents PLC
07 April 2010
 



ELECTROCOMPONENTS PLC

Trading update: Year ended 31 March 2010

 

Electrocomponents plc, the leading international high service distributor, has today issued a trading update for the year ended 31 March 2010.

 

Since the Group's Interim Management Statement on 5 February 2010 sales growth rates have increased further in both February and March. As a result we anticipate that headline profit before tax for the full year to 31 March 2010 will be above expectations and around £73m.

 

In the quarter ended 31 March 2010 Group sales grew by around 15% with the International business growing by around 19% and the UK by around 9%. Within the International business Europe sales grew by around 12%, North America by around 28% and Asia Pacific by around 26%. Group e-Commerce revenue grew by around 33%.

 

Ian Mason, Group Chief Executive, commented:"I am pleased to report that the Group's sales growth has increased throughout the final

quarter of the year with sales growing by around 15%.

 

We are continuing to strengthen our electronics, maintenance and e-Commerce offers ensuring that we are well positioned to take advantage of the opportunities in our markets".

 

 

Enquiries:

 

Ian Mason

Group Chief Executive

01865 204000

Simon Boddie

Group Finance Director

01865 204000

John Sunnucks / David Allchurch

Tulchan Communications

020 73534200

 

Notes:

All revenue growth rates are adjusted for trading days and foreign exchange rate movements.

 

 

There will be a telephone conference call today at 08.00h for analysts and investors with replay access to Friday 16 April 2010. Dial in instructions are set out below.

 

Electrocomponents plc - Conference Call Dial in Instructions

Date:

Wednesday 7 April 2010

UK Time:

From 07:50h for 08:00h call

Telephone number:

+44 (0) 1452 555 566

Conference ID:

66774143

Chairman:

Ian Mason

Electrocomponents plc - Replay Dial in Instructions

(available until Friday 16 April 2010)

Replay Telephone number:

+44 (0) 1452 55 00 00

Conference Access Number:

66774143#

 

 

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