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Electrocomponents plc

ECM.L

Latest Trade

637.00GBp

Change

5.00(+0.79%)

Volume

1,170,851

Today's Range

627.60

 - 

640.00

52 Week Range

478.40

 - 

729.80

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Electrocomponents Says British Steel Liquidation Led To £10.4 Mln Writedown

Nov 12 (Reuters) - Electrocomponents PLC <ECM.L>::H1 2020 INTERIM DIVIDEND OF 5.9P.H1 2020 REVENUE 978.7 MILLION STG VERSUS 911.8 MILLION STG IN H1 2019.HY ADJUSTED OPERATING PROFIT £105.6M VERSUS £104.0M.HY ADJUSTED PROFIT BEFORE TAX £103.4M VERSUS £100.2M.11.3% GROWTH IN INTERIM DIVIDEND, IN LINE WITH POLICY.DC EXPANSION PROJECTS IN AMERICAS AND GERMANY ARE BOTH PROGRESSING WELL AND RUNNING ON TIME AND TO BUDGET.AMERICAN DC PROJECT IS WELL ADVANCED AND IS ON TRACK TO OPEN IN SUMMER 2020.GERMAN DC PROJECT WAS INITIATED DURING FIRST HALF AND IS DUE TO COMPLETE IN SUMMER 2021.CONTINUE TO EXPECT CAPITAL EXPENDITURE TO DEPRECIATION FOR FULL YEAR TO BE AROUND 2.7 TIMES.HY PROFIT BEFORE TAX FELL 4.3% DUE TO BRITISH STEEL ASSET WRITE-DOWNS.AS A RESULT OF BRITISH STEEL ENTERING COMPULSORY LIQUIDATION ON 22 MAY, GROUP HAS WRITTEN DOWN £10.4 MILLION OF ASSETS.£10.4 MILLION ASSET WRITEDOWN INCLUDES £7.2 MILLION FOR RECEIVABLES STILL OUTSTANDING RELATING TO DEALS WITH BRITISH STEEL BEFORE 22 MAY.£10.4 MILLION ASSET WRITEDOWN ALSO INCLUDES £3.2 MILLION AGAINST INVENTORY RECOVERED FROM BRITISH STEEL.

Electrocomponents CEO Lindsley Ruth To Take Temporary Leave Of Absence

Nov 11 (Reuters) - Electrocomponents PLC <ECM.L>::BOARD AGREED FOR LINDSLEY RUTH, CEO, TO TAKE TEMPORARY LEAVE OF ABSENCE WHILE HE RECEIVES TREATMENT FOR A MEDICAL CONDITION.LINDSLEY IS EXPECTED TO RETURN TO HIS POSITION, FOLLOWING A SHORT PERIOD OF RECOVERY, IN NEW YEAR.IN INTERIM, DAVID EGAN WILL ASSUME LINDSLEY'S DUTIES IN ADDITION TO HIS ROLE AS CHIEF FINANCIAL OFFICER.

Electrocomponents Sees H1 Gross Margin To Be Down By About 0.8 Percentage Points YOY

Oct 8 (Reuters) - Electrocomponents PLC <ECM.L>::ELECTROCOMPONENTS - TRADING STATEMENT.ELECTROCOMPONENTS PLC - WE EXPECT H1 GROSS MARGIN TO BE DOWN YEAR ON YEAR, BY AROUND 0.8 PERCENTAGE POINTS, IMPACTED PRIMARILY BY MIX.ELECTROCOMPONENTS PLC - EXPECT A MORE MODEST YEAR-ON-YEAR DECLINE IN H2 AS STRONG GROWTH IN OKDO TO BE PARTIALLY OFFSET BY PURCHASING, PRICING ACTIONS.ELECTROCOMPONENTS PLC - DIGITAL REVENUE GROWTH PERFORMING BROADLY IN LINE WITH GROUP IN H1.ELECTROCOMPONENTS PLC - CONTINUED STRONG PERFORMANCE IN INDUSTRIAL LED TO 5% LIKE-FOR-LIKE GROUP REVENUE GROWTH IN BOTH Q2 AND H1.

Electrocomponents Says 85.17% Shareholders Voted To Approve Directors' Remuneration Policy At AGM

July 17 (Reuters) - Electrocomponents PLC <ECM.L>::ELECTROCOMPONENTS PLC - 85.17% SHAREHOLDERS VOTED TO APPROVE DIRECTORS' REMUNERATION POLICY AT AGM.

Blackrock Raises Stake To 5% From 3.91% In Electrocomponents PLC - Filing

July 15 (Reuters) - Electrocomponents PLC <ECM.L>::BLACKROCK, INC RAISES STAKE TO 5% FROM 3.91% AS OF JULY 12 IN ELECTROCOMPONENTS PLC - FILING.

Electrocomponents Q1 Group LFL Rev Growth 4%

July 3 (Reuters) - Electrocomponents PLC <ECM.L>::Q1 GROUP LIKE-FOR-LIKE REVENUE GROWTH WAS 4% AS CONTINUED STRONG GROWTH IN INDUSTRIAL REVENUE MORE THAN OFFSET AN EXPECTED SLOWDOWN IN ELECTRONICS REVENUE.Q1 RS PRO AND DIGITAL CONTINUED TO OUTPERFORM GROUP GROWTH WITH LIKE-FOR-LIKE REVENUE GROWTH OF 9% AND 5% RESPECTIVELY.EMEA (64% OF GROUP REVENUE) SAW LIKE-FOR-LIKE REVENUE GROWTH OF 5% IN Q1.EXPECTED REDUCTION IN RASPBERRY PI SALES, HAD A C. 1% NEGATIVE IMPACT ON GROUP LIKE-FOR-LIKE REVENUE GROWTH.EXPECT A BROADLY STABLE GROSS MARGIN FOR FULL YEAR.IN FY 2020 CO EXPECT TO SEE A POSITIVE IMPACT OF AROUND £7 MILLION ON REVENUE FROM ADDITIONAL TRADING DAYS COMPARED WITH FY 19.Q1 AMERICAS (26% OF GROUP REVENUE) SAW FLAT REVENUE TRENDS REFLECTING A SOFTER MARKET FOR INDUSTRIAL PRODUCTION.

Electrocomponents Says FY Adjusted Pretax Profit Up 23.9% to 214.5 Mln Stg

May 21 (Reuters) - Electrocomponents PLC <ECM.L>::IN FIRST SEVEN WEEKS WE HAVE SEEN A MODERATION IN LIKE-FOR-LIKE REVENUE GROWTH.FY REVENUE £1,884.4 MILLION VERSUS £1,705.3 MILLION AS REPORTED A YEAR AGO.APRIL SAW LOW SINGLE-DIGIT LIKE-FOR-LIKE REVENUE GROWTH, WITH PERFORMANCE IMPACTED BY TIMING OF HOLIDAYS.MAY HAS STARTED ENCOURAGINGLY WITH GROUP LIKE-FOR-LIKE REVENUE GROWTH CLOSER TO TRENDS SEEN DURING Q4 2019.FY ADJUSTED PROFIT BEFORE TAX £214.5M MILLION VERSUS £173.1 MILLION AS REPORTED A YEAR AGO.FULL-YEAR DIVIDEND 14.80P.LEVERAGING SCALE AND INCREASING CAPITAL EXPENDITURE TO AROUND £80 MILLION IN BOTH 2020 AND 2021.BELIEVE CO IS WELL POSITIONED TO MAKE GOOD PROGRESS IN CURRENT FINANCIAL YEAR.£4 MILLION OF SAVINGS DELIVERED AND ON TRACK FOR £12 MILLION OF CUMULATIVE ANNUALISED SAVINGS BY MARCH 2021.

Ashtead Group Appoints Lindsley Ruth As Non-Executive Director

May 1 (Reuters) - Ashtead Group PLC <AHT.L>::ASHTEAD GROUP PLC - APPOINTMENT OF LINDSLEY RUTH AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT.ASHTEAD GROUP PLC - LINDSLEY HAS BEEN CHIEF EXECUTIVE OFFICER OF ELECTROCOMPONENTS PLC SINCE APRIL 2015.

Electrocomponents Launches Okdo, Its Brand New Global Tech Company

April 4 (Reuters) - Electrocomponents PLC <ECM.L>::ELECTROCOMPONENTS PLC - LAUNCHES OKDO, ITS BRAND NEW GLOBAL TECH COMPANY.ELECTROCOMPONENTS PLC - OKDO WILL PROVIDE END-TO-END SUPPORT FOR ALL SBC AND IOT SEGMENTS.

Electrocomponents Posts LFL Revenue Growth Of 8 Pct In FY

April 4 (Reuters) - Electrocomponents PLC <ECM.L>::ELECTROCOMPONENTS - TRADING STATEMENT.ELECTROCOMPONENTS PLC - FY GROUP LIKE-FOR-LIKE REVENUE GROWTH OF 8% VERSUS 13 PERCENT REPORTED YEAR AGO.ELECTROCOMPONENTS PLC - REMAIN ON TRACK TO DELIVER STRONG GROWTH IN ADJUSTED PROFIT BEFORE TAX FOR YEAR IN LINE WITH EXPECTATIONS.ELECTROCOMPONENTS PLC - "ALL REGIONS DELIVERED LIKE-FOR-LIKE REVENUE GROWTH IN Q4".ELECTROCOMPONENTS PLC - DELIVERED £4 MILLION OF SAVINGS FROM SECOND PHASE OF PERFORMANCE IMPROVEMENT PLAN IN 2019.ELECTROCOMPONENTS PLC - REMAIN ON TRACK TO DELIVER CUMULATIVE ANNUALISED SAVINGS OF £12 MILLION BY MARCH 2021.ELECTROCOMPONENTS - TO PROTECT SERVICE LEVELS AROUND BREXIT, INVESTING AN ADDITIONAL £26 MILLION IN INVENTORY IN FASTER MOVING PRODUCT LINES.ELECTROCOMPONENTS PLC - EMEA SIGNIFICANTLY OUTPERFORMED IN FY DELIVERING 10% LIKE-FOR-LIKE GROWTH.ELECTROCOMPONENTS PLC - MORE INVESTMENT IN INVENTORY IN FASTER MOVING PRODUCT LINES WILL BE SHORT-TERM, OVER TIME EXPECT TO RETURN TO NORMALISED LEVEL.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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