Feb 5 (Reuters) - Premier Farnell Plc, a distributor of small electronics and electronic parts, warned that full-year operating profit would be below last year, as strategic initiatives and discounting of the credit-card sized computer Raspberry Pi impacted gross margins.
The company said it estimates operating profit to be between 86 million pounds and 88 million pounds pounds ($130 million- $133 million) for the year to Feb. 1. Premier Farnell reported an operating profit of 91.5 million pounds last year.
Premier Farnell, which started out as a radio parts seller in 1939, said full-year sales per day would grow 3.3 percent.
The company said in November that full-year operating margins would be slightly below prior year levels as it experienced softer trading conditions in Asia and Europe.
$1 = 0.6580 pounds Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair