Electrocomponents FY revenues up 26% on LFL basis

Industrial and electronics products distributor Electrocomponents said on Tuesday that revenues had grown 26% on a like-for-like basis in the twelve months ended 31 March.

Electrocomponents saw revenues grow 36% year-on-year in the Americas, while Asia-Pacific revenues were up 27% on the prior year and revenues across Europe, the Middle East, and Africa were up 22% on 2021 levels.

The FTSE 100-listed firm, which will change its name to RS Group in early May, also noted that it expects full-year adjusted operating profit margins to be at the top end of the consensus range.