15th Jul 2005 14:00
Electrocomponents PLC15 July 2005 Embargoed to 2.00pm 15 July 2005 ELECTROCOMPONENTS PLC Electrocomponents plc, the major international high service distributor, hastoday given a trading update at its Annual General Meeting. Trading Update We announced our results for the year ended 31 March 2005 on 25 May 2005 andprovided a review of current trading as part of that announcement. Since the year end, sales have continued to grow strongly on last year in NorthAmerica, Asia, Japan and the smaller European businesses. Our businesses inFrance, Germany and Italy have shown some recovery in sales growth, but the ratehas been variable. Sales of the UK business have declined by 3.5% withcontinuing pressure on margins. Overall Group sales have grown by 2.5%. Salesgrowth rates are adjusted for exchange rates and trading days. The implementation of the Enterprise Business Systems project in the UK isprogressing well with the system build phase, a major milestone, now complete. We continue to be cautious on the trading outlook given the uncertainties in ourmajor markets. Contacts:Ian Mason Chief Executive 01865 204000Jeff Hewitt Deputy Chairman / Finance Director 01865 204000Diana Soltmann Flagship Consulting Ltd 0207 886 8440 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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