2nd Oct 2013 07:13
LONDON (Alliance News) - Electrocomponents PLC said Wednesday that it had seen underlying sales growth of around 1% in its first half of the year, similar to that of the second half of last year.
In a trading statement ahead of the publication of its half-year results to September 30, the company said it had seen strong sales growth in September of about 4%. In the first half International sales had shown growth of 3%, but UK sales declined by 3%, and Asia Pacific sales were flat, Electrocomponents said.
The electronics and maintenance products company said that its eCommerce sales growth in the first half was around 6%, which comprised about 57% of its total sales.
"We are investing in our strategic priorities to enable us to grow market share and improve our financial performance over the medium term," said Group Chief Executive Ian Mason in a statement.
Electrocomponents shares were quoted at 280.40 pence at the open Wednesday, up 1.10p.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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