Electrocomponents interim LFL revenues rise 5%
RS Group
726.80p
17:05 28/03/24
Electronic parts distributor Electrocomponents on Tuesday said first half like-for-like revenue grew 5% on the back of a strong performance in its industrial division.
FTSE 250
19,884.73
17:14 28/03/24
FTSE 350
4,383.21
17:14 28/03/24
FTSE All-Share
4,338.05
16:50 28/03/24
Support Services
11,106.65
17:14 28/03/24
Second quarter revenue growth in Europe, the Middle East and Asia came in at 6% compared with 5% in the previous three months. This was boosted by market share gains despite increased macro uncertainty.
The company repeated guidance for first-half gross margin to be down year on year by around 0.8% percentage points, driven primarily by mix.
It added that it expected a more modest year-on-year decline in the second half of the year as strong growth in its recently launched OKdo single board computer business would be partially offset by purchasing and pricing actions.