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 Regulatory News (ECM)

  • There is currently no data for ECM

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
 
 
TSTLLFFRSIIRIII
Date   Source Headline
1st Feb 201610:06 amRNSBlocklisting Interim Review
21st Jan 201611:34 amRNSNotice of trading update
4th Jan 20169:13 amRNSTotal Voting Rights
14th Dec 20157:00 amRNSDirectorate Change
1st Dec 201510:15 amRNSHolding(s) in Company
30th Nov 20159:31 amRNSTotal Voting Rights
25th Nov 201511:36 amRNSHolding(s) in Company
19th Nov 20157:00 amRNSFY16 Half-year Financial Report
30th Oct 201510:16 amRNSTotal Voting Rights
9th Oct 20159:35 amRNSHolding(s) in Company
2nd Oct 20157:00 amRNSTrading Update
30th Sep 20152:43 pmRNSDirectorate Change
30th Sep 201511:55 amRNSTotal Voting Rights
24th Sep 201510:46 amRNSNotice of Trading Update
23rd Sep 201511:19 amRNSHolding(s) in Company
8th Sep 201510:47 amRNSChange of Adviser
4th Aug 20154:02 pmRNSAdditional Listing
31st Jul 201511:00 amRNSBlocklisting Interim Review
23rd Jul 20151:57 pmRNSResult of AGM
23rd Jul 20157:00 amRNSFirst Quarter Trading Statement
16th Jul 20159:16 amRNSHolding(s) in Company
6th Jul 20151:43 pmRNSDirector/PDMR Shareholding
1st Jul 20151:33 pmRNSDirector/PDMR Shareholding
30th Jun 201510:34 amRNSTotal Voting Rights
24th Jun 20153:55 pmRNSDirector/PDMR Shareholding
24th Jun 20159:53 amRNSDirector/PDMR Shareholding
19th Jun 201510:31 amRNSNotice of trading update
16th Jun 20152:54 pmRNSAnnual Financial Report
1st Jun 20159:52 amRNSHolding(s) in Company
21st May 20153:10 pmRNSDirector/PDMR Shareholding
21st May 20157:00 amRNSDirectorate Change
21st May 20157:00 amRNSFinal Results
7th May 201510:13 amRNSDirectorate Change
7th May 201510:11 amRNSDirectorate Change
30th Apr 201511:21 amRNSTotal Voting Rights
2nd Apr 20157:00 amRNSTrading Statement
1st Apr 20153:10 pmRNSDirectorate Change
31st Mar 20154:49 pmRNSDirectorate Change
31st Mar 20151:46 pmRNSTotal Voting Rights
13th Mar 20159:26 amRNSNotice of Trading Update
2nd Mar 20152:51 pmRNSDirector/PDMR Shareholding
2nd Mar 201512:24 pmRNSTotal Voting Rights
27th Feb 201510:12 amRNSDirector Declaration
27th Feb 20157:00 amRNSDirectorate Change
11th Feb 20157:00 amRNSTrading Statement
6th Feb 20153:22 pmRNSTotal Voting Rights
6th Feb 20153:01 pmRNSBlocklisting Interim Review
2nd Feb 20152:57 pmRNSBlocklisting Interim Review
2nd Feb 20152:51 pmRNSTotal Voting Rights
15th Jan 20159:47 amRNSNotice of interim management statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.