13th Jul 2007 07:00
Electrocomponents PLC13 July 2007 ELECTROCOMPONENTS PLC July 2007 Interim Management Statement Electrocomponents plc, the leading international high service distributor, hastoday issued its first interim management statement for the year ending 31 March2008 For the first quarter of the financial year sales have grown by around 7% forthe Group, comprising 11% in International and 2% in the UK. WithinInternational, which represents some 60% of Group turnover, sales have grown byaround 8% in Europe, 16% in North America and 14% in Asia Pacific. All growthrates are adjusted for trading days and exchange rate movements. The gross margin of the Group was around 50.1% for the quarter which was in linewith plan. Looking ahead, we are continuing to drive our strategy to further improve ouroffers both to our Electronic and Electromechanical (EEM) and our Maintenance,Repair and Operations (MRO) customers. The Board remains confident that this will be another year of good progress forthe Group. Enquiries: Ian Mason Group Chief Executive 01865 204000Simon Boddie Group Finance Director 01865 204000Diana Soltmann Flagship Consulting 020 7886 8440 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ECM.L