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Trading Statement

2 Oct 2013 07:00

RNS Number : 4663P
Electrocomponents PLC
02 October 2013
 



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#

 

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