25th Mar 2026 09:14
(Alliance News) - RS Group PLC on Wednesday reported mixed trading, with full-year revenue set to fall short of forecasts in "difficult" markets, but profit to be marginally ahead of expectations.
In response, shares in the London-based industrial and electronics products distributor fell 4.6% to 559.50 pence each in London on Wednesday morning.
RS said it expects revenue to decline by around 0.6% on a like-for-like basis in the 12 months to March, in "difficult markets", compared to consensus for 1.0% growth. In the financial year that ended March 2025, RS reported total revenue of GBP2.90 billion and a 2% decline in like-for-like revenue.
Europe, Middle East & Africa delivered quarter-on-quarter improvement throughout the year, RS said, and should return to "marginal" growth in the second half of the financial year.
Asia Pacific is showing "continued momentum", and RS expects it to deliver increased revenue growth in the second half of the financial year when compared to the first.
Although Americas was broadly flat in the first half of the financial year, RS expects it to decline in the second half as a result of the continuing challenging trading environment in Mexico.
The FTSE 250 listing said it continues to "invest and make good progress in our strategic and change initiatives."
As a result, despite revenue being lower than anticipated, "through a solid gross margin performance, improved efficiency and disciplined cost control, we still expect adjusted profit before tax to be marginally ahead of market expectations."
According to company compiled consensus, analysts expect adjusted pretax profit of GBP241 million in the financial year to March, down from GBP248 million in the prior year.
RS Group expects to announce its full year results on May 20.
By Jeremy Cutler, Alliance News reporter
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