We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Electrocomponents Plc | LSE:ECM | London | Ordinary Share | GB0003096442 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,047.00 | 1,043.00 | 1,045.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1336J Electrocomponents PLC 25 March 2003 Embargoed until 7.00am 25 March 2003 Electrocomponents plc Trading Update Ahead of forthcoming meetings with investors and analysts we are updating the market on recent trading. The Board anticipates that our profit before tax and goodwill amortisation for the year ended 31 March 2003 will be around #100m. As we expected when we announced our interim results in November, our markets have continued to be weak, particularly in the manufacturing sectors. During the year we have reduced our exposure to the sharply declining telecommunications sector and directed our sales and marketing efforts towards sectors that are growing. These actions have contributed to a recovery in our UK sales, which are now running at levels approaching those of a year ago. The year-on-year sales growth rate of our Continental European businesses has increased modestly since the first half and Allied in the United States has also continued to grow. Japan has enjoyed even higher sales growth than was achieved in the first half, reflecting further success in e-Commerce. Elsewhere, sales of our Asian businesses have been volatile, though in China sales have resumed growth following product supply problems arising from new import regulations. Overall, monthly sales of the Group (adjusted for exchange rates and trading days) are now broadly level with last year. Gross margin has shown a further small advance on the higher levels realised in the first half. We have also continued to manage costs tightly, whilst sustaining our strategic investments. Operating margins have consequently been robust. Cash flow has remained strong. Leading indicators such as Purchasing Managers Indices suggest no improvement in our trading environment in the short term. The full results for the current year will be announced on 29 May 2003. Contact: Ian Mason Group Chief Executive 01865 204000 Jeff Hewitt Deputy Chairman / Finance Director 01865 204000 This information is provided by RNS The company news service from the London Stock Exchange END TSTILFERVIISFIV
1 Year Electrocomponents Chart |
1 Month Electrocomponents Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions