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United Kingdom

Electrocomponents PLC (ECM.L)

ECM.L on London Stock Exchange

623.00GBp
14 Nov 2018
Change (% chg)

-7.60 (-1.21%)
Prev Close
630.60
Open
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618.20
Volume
694,631
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969,592
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779.20
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559.00

Latest Key Developments (Source: Significant Developments)

Electrocomponents Sees H1 Adj Pre-tax Profit 100 Mln Pounds Vs 79 Mln Pounds
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Electrocomponents Plc ::TRADING UPDATE.LIKE-FOR-LIKE REVENUE GROWTH REMAINED STRONG AT 10 PCT IN Q2 LEADING TO H1 LIKE-FOR-LIKE REVENUE GROWTH OF 10 PCT.SEEING SOME YEAR-ON-YEAR IMPROVEMENT IN H1 BUT FACE TOUGHER GROSS MARGIN COMPARATIVES IN H2.REMAIN ON TRACK TO DELIVER STABLE GROSS MARGINS IN OUR BASE BUSINESS FOR FULL YEAR.REMAIN ON TRACK TO DELIVER 4 MILLION POUNDS OF COST SAVINGS IN CURRENT FINANCIAL YEAR.GIVEN GOOD PROGRESS TO DATE, WE EXPECT HALF-YEAR ADJUSTED PROFIT BEFORE TAX TO BE AROUND 100 MILLION POUNDS (H1 2018: 79.0 MILLION POUNDS).WE PLAN TO INVEST IN ASIA PACIFIC IN BOTH DIGITAL AND CUSTOMER ACQUISITION.INVESTING TO FURTHER DEVELOP OUR CAPABILITIES IN ELECTRONICS AND SINGLE BOARD COMPUTING.  Full Article

Electrocomponents Says Q1 Like-For-Like Revenue Growth At 10 Pct
Thursday, 5 Jul 2018 

July 5 (Reuters) - Electrocomponents PLC ::Q1 LIKE-FOR-LIKE REVENUE GROWTH REMAINED STRONG AT 10%.DIGITAL REVENUE GREW BROADLY IN LINE WITH GROUP OVERALL WITH LIKE-FOR-LIKE REVENUE GROWTH OF 9% DURING QUARTER.Q1 TRADING IS IN LINE WITH EXPECTATIONS.RS PRO, OUR OWN-BRAND BUSINESS OUTPERFORMED UNDERLYING GROUP WITH LIKE-FOR-LIKE REVENUE GROWTH OF 11% IN QUARTER.REMAIN CONFIDENT OF DELIVERING STABLE GROSS MARGIN IN CO'S BASE BUSINESS FOR YEAR.  Full Article

Electrocomponents Sees FY Adjusted Pretax Profit Slightly Ahead Of Top End Of Market Consensus Range​
Thursday, 5 Apr 2018 

April 5 (Reuters) - Electrocomponents PLC ::FY GROUP REVENUE GROWTH OF ‍13​ PERCENT VERSUS 5 PERCENT YEAR AGO.FY TOTAL EUROPE REVENUE GROWTH OF ‍11​ PERCENT VERSUS 4 PERCENT YEAR AGO.COMPLETED FIRST PHASE OF PERFORMANCE IMPROVEMENT PLAN AND DELIVERED CUMULATIVE ANNUALISED SAVINGS OF £30 MILLION​.FY AMERICAS REVENUE GROWTH OF ‍14​ PERCENT.‍EXPECT RESULTS FOR YEAR ENDED 31 MARCH 2018 TO BE AHEAD OF OUR PREVIOUS EXPECTATIONS.SEES FY ‍ADJUSTED PROFIT BEFORE TAX SLIGHTLY AHEAD OF TOP END OF MARKET CONSENSUS RANGE​.‍Q4 LIKE-FOR-LIKE REVENUE GROWTH REMAINED STRONG AT 10% LEADING TO 13% REVENUE GROWTH FOR FULL YEAR​.  Full Article

Electrocomponents Says ‍Remain On Track To Deliver Stable Gross Margin For Full Year
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Electrocomponents Plc ::‍IN FOUR MONTHS TO 31 JANUARY 2018, GROUP UNDERLYING REVENUE GROWTH REMAINED STRONG AT 14 PERCENT​.‍REMAIN ON TRACK TO DELIVER STABLE GROSS MARGIN FOR FULL YEAR TO MARCH 2018​.  Full Article

Electrocomponents Says ‍For Year To 31 March 2018 We Anticipate That Announced Us Tax Changes Will Have Minimal Impact On Group Effective Tax Rate​
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Electrocomponents Plc ::‍FOR YEAR TO 31 MARCH 2018 WE CURRENTLY ANTICIPATE THAT ANNOUNCED US TAX CHANGES WILL HAVE MINIMAL IMPACT ON GROUP EFFECTIVE TAX RATE​.EXPECT THAT U.S. TAX CHANGES WILL RESULT IN A NON-CASH EXCEPTIONAL TAX CREDIT AS A RESULT OF REVALUATION OF DEFERRED TAX BALANCES​.‍FOR YEAR TO MARCH 2019 WE CURRENTLY ANTICIPATE THAT CHANGES WILL REDUCE GROUP EFFECTIVE TAX RATE PERCENTAGE TO MID-TWENTIES​.  Full Article

Electrocomponents posts H1 pretax profit of 75.7 mln pounds
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - ELECTROCOMPONENTS PLC ::H1 PRETAX PROFIT 75.7 MILLION STG.INTERIM DIVIDEND UP 5 PERCENT TO 5.25 PENCEPER SHARE.H1 REVENUE ‍823.8​ MILLION STG VERSUS 706.3 MILLION STG YEAR AGO.H1 GROSS MARGIN ‍43.4​ PERCENT VERSUS 42.8 PERCENT YEAR AGO.‍ON TRACK TO DELIVER £30 MILLION OF CUMULATIVE ANNUALISED COST SAVINGS BY MARCH 2018​.  Full Article

Electrocomponents FY pretax profit rises
Tuesday, 23 May 2017 

May 23 (Reuters) - Electrocomponents Plc ::FY revenue 1.51 billion stg versus 1.29 billion stg year ago.FY headline EPS 21 pence versus 12.6 pence year ago.FY pretax profit rose 264.2 percent to 127.1 million stg.FY headline profit before tax 128 million stg versus 76.8 million stg year ago.FY dividend 12.3 pence versus 11.75 pence year ago.Final dividend 7.3 penceper share.  Full Article

Electrocomponents says underlying revenue growth accelerated to 6 pct
Friday, 10 Feb 2017 

Electrocomponents Plc : Issues a trading update for four-month period to Jan. 31 2017. . Continued to make good progress to stabilise gross margin and reduce costs, we have delivered strong revenue growth and profitability . In four months to Jan. 31 2017, group underlying revenue growth accelerated to 6 pct, . All of our regional hubs seeing positive revenue trends during period. . RS pro, our own-brand business, which represents 12 pct of revenues grew by 5 pct . Ecommerce, which represents 60 pct of revenues increased by 6 pct. . December saw particularly strong growth, with both north America and Central Europe benefitting from weak comparatives in month. . Says we continue to make good progress on our cost initiatives and are on track to deliver 18 mln stg of net savings in year to March 2017. .Says we continue to expect FY 2017 revenue and profits to see a significant benefit from foreign exchange.  Full Article

UK distribution company Electrocomponents targets U.S. and German deals

British industrial distribution company Electrocomponents is looking at Germany and the United States for potential bolt-on acquisitions and views China as one of its "greatest investment opportunities" over the next five years.