Edition:
United States

Electrocomponents PLC (ECM.L)

ECM.L on London Stock Exchange

511.20GBp
14 Dec 2018
Change (% chg)

-5.20 (-1.01%)
Prev Close
516.40
Open
511.40
Day's High
513.60
Day's Low
505.20
Volume
206,066
Avg. Vol
1,042,543
52-wk High
779.20
52-wk Low
491.10

Latest Key Developments (Source: Significant Developments)

Electrocomponents Says FY Total Dividend Up 7.7 Percent
Thursday, 24 May 2018 02:01am EDT 

May 24 (Reuters) - Electrocomponents PLC ::TOTAL DIVIDEND UP 7.7 PERCENT TO 13.25 PENCEPER SHARE.FY PRETAX PROFIT ROSE 32.7 PERCENT TO 168.6 MILLION STG.FINAL DIVIDEND 8 PENCEPER SHARE.FY REVENUE 1.70 BILLION POUNDS VERSUS 1.51 BILLION POUNDS YEAR AGO.FY HEADLINE OPERATING PROFIT MARGIN 10.4 PERCENT VERSUS 8.8 PERCENT YEAR AGO.FY HEADLINE PROFIT BEFORE TAX 173.1 MILLION POUNDS VERSUS 128 MILLION POUNDS YEAR AGO.FULL YEAR DIVIDEND 13.25 PENCE VERSUS 12.3 PENCE YEAR AGO.  Full Article

Electrocomponents Says Announces Acquisition Of IESA
Thursday, 24 May 2018 02:01am EDT 

May 24 (Reuters) - Electrocomponents PLC ::SAYS ANNOUNCES ACQUISITION OF IESA.SAYS DEAL FOR A CASH CONSIDERATION OF £88 MILLION.DEAL ACCRETIVE TO ADJUSTED EARNINGS PER SHARE AND EXPECTED TO MEET COST OF CAPITAL IN YEAR ONE.SAYS EXPECT ACQUISITION TO MEET COST OF CAPITAL IN FIRST YEAR OF OWNERSHIP.  Full Article

Electrocomponents Says ‍For Year To 31 March 2018 We Anticipate That Announced Us Tax Changes Will Have Minimal Impact On Group Effective Tax Rate​
Wednesday, 3 Jan 2018 02:00am EST 

Jan 3 (Reuters) - Electrocomponents Plc ::‍FOR YEAR TO 31 MARCH 2018 WE CURRENTLY ANTICIPATE THAT ANNOUNCED US TAX CHANGES WILL HAVE MINIMAL IMPACT ON GROUP EFFECTIVE TAX RATE​.EXPECT THAT U.S. TAX CHANGES WILL RESULT IN A NON-CASH EXCEPTIONAL TAX CREDIT AS A RESULT OF REVALUATION OF DEFERRED TAX BALANCES​.‍FOR YEAR TO MARCH 2019 WE CURRENTLY ANTICIPATE THAT CHANGES WILL REDUCE GROUP EFFECTIVE TAX RATE PERCENTAGE TO MID-TWENTIES​.  Full Article

Electrocomponents posts H1 pretax profit of 75.7 mln pounds
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - ELECTROCOMPONENTS PLC ::H1 PRETAX PROFIT 75.7 MILLION STG.INTERIM DIVIDEND UP 5 PERCENT TO 5.25 PENCEPER SHARE.H1 REVENUE ‍823.8​ MILLION STG VERSUS 706.3 MILLION STG YEAR AGO.H1 GROSS MARGIN ‍43.4​ PERCENT VERSUS 42.8 PERCENT YEAR AGO.‍ON TRACK TO DELIVER £30 MILLION OF CUMULATIVE ANNUALISED COST SAVINGS BY MARCH 2018​.  Full Article

Electrocomponents says H1 revenue growth of 13 ‍​ percent
Tuesday, 3 Oct 2017 02:00am EDT 

Oct 3 (Reuters) - Electrocomponents Plc :SAYS H1 REVENUE GROWTH OF 13 ‍​ PERCENT.ELECTROCOMPONENTS PLC - TRADING COMPARATIVES WILL TOUGHEN IN H2 WITH UNDERLYING REVENUE GROWTH TRENDS IN YEAR TO MARCH 2017 OF 2.1% IN H1 AND 7.5% IN H2​.ELECTROCOMPONENTS PLC - REMAIN ON TRACK TO DELIVER STABLE GROSS MARGINS FOR FULL YEAR.​.‍NOW EXPECT HALF YEAR HEADLINE PROFIT BEFORE TAX TO BE AROUND £78M (H1 2017: £55.1M)​.ELECTROCOMPONENTS PLC - "EXPECT TO SEE A MORE EVEN DISTRIBUTION OF PROFITS BETWEEN H1 AND H2 IN CURRENT FINANCIAL YEAR."​.  Full Article

Electrocomponents says Q1 underlying revenue growth up 13 pct
Monday, 3 Jul 2017 02:19am EDT 

July 3 (Reuters) - Electrocomponents Plc ::Trading update for its Q1 ended 30 June 2017.Have made a strong start to year to march 2018, with an acceleration in revenue growth and improved profits.Q1 underlying revenue growth accelerated to 13 pct with all regions seeing double-digit underlying revenue growth.Constant currency revenue growth, not adjusted for trading days, closer to 10 pct.Acceleration in Q1 revenue growth has been driven by an increase in growth in Europe and Asia.Asia and Americas in particular, saw strong double-digit growth against a period of weak trading comparatives.Also seeing higher variable and incentive costs associated with faster revenue growth.Exceptional charge of around 4 mln stg in first half of year to march 2018.  Full Article

Electrocomponents sees full-year results ahead of previous expectations
Thursday, 6 Apr 2017 02:00am EDT 

Electrocomponents Plc : Trading update . Our results for full year ended 31 march 2017 to be ahead of our previous expectations . Q4 revenue growth accelerated to 8 pct leading to revenue growth of 5 pct for full year . Revenues in quarter have also benefitted from a more favourable competitive environment in quarter. . RS Pro, our own-brand business, which accounts for around 12 pct of revenues saw revenue growth of around 5 pct in q4. . Ecommerce, which represents around 60 pct of revenues saw revenue growth of around 8 pct in q4, broadly in line with group growth rate. . Expect a similar year-on-year percentage point improvement in full-year gross margin to that seen in first-half gross margin. . Continue to make good progress on our cost initiatives and are on track to deliver £18 million of net savings in year to march 2017 . Fy 2017 revenue and profits have seen a significant benefit from foreign exchange .Fy 2018 we expect to see an adverse impact on revenues and profits from fewer trading days compared with fy 2017.  Full Article

Electrocomponents names new product and supplier management head
Tuesday, 4 Apr 2017 04:06am EDT 

Electrocomponents Plc : Appointment of Thomas Nowak as president, product and supplier management .Nowak will join company on July 1 as a member of executive management team, reporting directly to CEO Lindsley Ruth.  Full Article