RS Group sees FY at top end of estimates after strong Q3
RS Group
710.00p
09:55 25/04/24
0.07%
0.50p
RS Group said it expected full year profit to be towards the top end of consensus estimates after third quarter revenues grew 8% despite a tough economic backdrop.
FTSE 100
8,098.35
09:55 25/04/24
n/a
n/a
FTSE 350
4,447.38
09:55 25/04/24
n/a
n/a
FTSE All-Share
4,400.76
09:55 25/04/24
n/a
n/a
Support Services
10,556.92
09:55 25/04/24
-0.10%
-10.07
The distributor of industrial and electronic products said strong trade in EMEA and the US offset an 8% fall in Asia-Pacific sales due to the shortage of computer parts.
Consensus for the year to March 31, 2023 is a revenue range of £2.71bn-3.04bn, adjusted operating profit of £356.8m-384.1m and adjusted pre-tax profit of £350.4m-374.9m.
Reporting by Frank Prenesti for Sharecast.com