May 21 (Reuters) - Electrocomponents PLC ::IN FIRST SEVEN WEEKS WE HAVE SEEN A MODERATION IN LIKE-FOR-LIKE REVENUE GROWTH.FY REVENUE £1,884.4 MILLION VERSUS £1,705.3 MILLION AS REPORTED A YEAR AGO.APRIL SAW LOW SINGLE-DIGIT LIKE-FOR-LIKE REVENUE GROWTH, WITH PERFORMANCE IMPACTED BY TIMING OF HOLIDAYS.MAY HAS STARTED ENCOURAGINGLY WITH GROUP LIKE-FOR-LIKE REVENUE GROWTH CLOSER TO TRENDS SEEN DURING Q4 2019.FY ADJUSTED PROFIT BEFORE TAX £214.5M MILLION VERSUS £173.1 MILLION AS REPORTED A YEAR AGO.FULL-YEAR DIVIDEND 14.80P.LEVERAGING SCALE AND INCREASING CAPITAL EXPENDITURE TO AROUND £80 MILLION IN BOTH 2020 AND 2021.BELIEVE CO IS WELL POSITIONED TO MAKE GOOD PROGRESS IN CURRENT FINANCIAL YEAR.£4 MILLION OF SAVINGS DELIVERED AND ON TRACK FOR £12 MILLION OF CUMULATIVE ANNUALISED SAVINGS BY MARCH 2021.
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May 1 (Reuters) - Ashtead Group PLC ::ASHTEAD GROUP PLC - APPOINTMENT OF LINDSLEY RUTH AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT.ASHTEAD GROUP PLC - LINDSLEY HAS BEEN CHIEF EXECUTIVE OFFICER OF ELECTROCOMPONENTS PLC SINCE APRIL 2015.
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April 4 (Reuters) - Electrocomponents PLC ::ELECTROCOMPONENTS PLC - LAUNCHES OKDO, ITS BRAND NEW GLOBAL TECH COMPANY.ELECTROCOMPONENTS PLC - OKDO WILL PROVIDE END-TO-END SUPPORT FOR ALL SBC AND IOT SEGMENTS.
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April 4 (Reuters) - Electrocomponents PLC ::ELECTROCOMPONENTS - TRADING STATEMENT.ELECTROCOMPONENTS PLC - FY GROUP LIKE-FOR-LIKE REVENUE GROWTH OF 8% VERSUS 13 PERCENT REPORTED YEAR AGO.ELECTROCOMPONENTS PLC - REMAIN ON TRACK TO DELIVER STRONG GROWTH IN ADJUSTED PROFIT BEFORE TAX FOR YEAR IN LINE WITH EXPECTATIONS.ELECTROCOMPONENTS PLC - "ALL REGIONS DELIVERED LIKE-FOR-LIKE REVENUE GROWTH IN Q4".ELECTROCOMPONENTS PLC - DELIVERED £4 MILLION OF SAVINGS FROM SECOND PHASE OF PERFORMANCE IMPROVEMENT PLAN IN 2019.ELECTROCOMPONENTS PLC - REMAIN ON TRACK TO DELIVER CUMULATIVE ANNUALISED SAVINGS OF £12 MILLION BY MARCH 2021.ELECTROCOMPONENTS - TO PROTECT SERVICE LEVELS AROUND BREXIT, INVESTING AN ADDITIONAL £26 MILLION IN INVENTORY IN FASTER MOVING PRODUCT LINES.ELECTROCOMPONENTS PLC - EMEA SIGNIFICANTLY OUTPERFORMED IN FY DELIVERING 10% LIKE-FOR-LIKE GROWTH.ELECTROCOMPONENTS PLC - MORE INVESTMENT IN INVENTORY IN FASTER MOVING PRODUCT LINES WILL BE SHORT-TERM, OVER TIME EXPECT TO RETURN TO NORMALISED LEVEL.
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April 3 (Reuters) - Electrocomponents PLC ::ELECTROCOMPONENTS PLC - GLENN TIMMS WILL STEP DOWN AS CEO OF IESA.ELECTROCOMPONENTS PLC - DEBBIE BOWRING WILL ASSUME POSITION OF PRESIDENT, IESA, FROM 1 JUNE 2019.
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Feb 6 (Reuters) - Electrocomponents PLC ::ELECTROCOMPONENTS - TRADING STATEMENT.ELECTROCOMPONENTS PLC - LIKE-FOR-LIKE GROUP REVENUE GROWTH OF 6% FOR FOUR-MONTH PERIOD TO 31 JANUARY 2019.ELECTROCOMPONENTS PLC - ALL THREE REGIONS - EMEA, AMERICAS AND ASIA PACIFIC - SAW POSITIVE REVENUE TRENDS IN 4 MONTH PERIOD.ELECTROCOMPONENTS PLC - RS PRO, OUR OWN-BRAND RANGE, CONTINUED TO OUTPERFORM GROUP GROWTH RATE WITH 10% LIKE-FOR-LIKE GROWTH FOR 4 MONTHS.ELECTROCOMPONENTS PLC - CONTINUE TO EXPECT STABLE GROSS MARGIN IN OUR BASE BUSINESS FOR FULL YEAR TO 31 MARCH 2019.ELECTROCOMPONENTS PLC - ON TRACK TO DELIVER £4 MILLION OF SAVINGS THIS FINANCIAL YEAR.ELECTROCOMPONENTS PLC - DIGITAL REVENUE SAW 8% LIKE-FOR-LIKE REVENUE GROWTH FOR 4 MONTHS ENDED JAN 31.
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Nov 20 (Reuters) - Electrocomponents PLC ::HY REVENUE £911.8M VERSUS £823.8M.HY ADJUSTED OPERATING PROFIT £104.0M VERSUS £81.2M.HY LIKE-FOR-LIKE REVENUE GROWTH OF 9.8%.HY GROSS MARGIN ROSE 1.0 PERCENTAGE POINT TO 44.4%.HAVE SEEN A GOOD START TO SECOND HALF OF YEAR WITH AROUND 7% LIKE-FOR-LIKE REVENUE GROWTH IN FIRST SEVEN WEEKS OF H2.EXTERNAL ENVIRONMENT IN SOME OF OUR KEY MARKETS IS UNCERTAIN.ON TRACK TO DELIVER COST SAVINGS.DURING SECOND HALF, PLANNING TO INVEST AROUND £30 MILLION IN ADDITIONAL INVENTORY IN FAST-MOVING PRODUCT LINES.PLANNING TO INVEST IN ADDITIONAL INVENTORY TO HELP PROTECT SERVICE LEVELS IN EVENT OF ANY POTENTIAL DISRUPTION AROUND UK'S EXIT FROM EU.EXPECT TO BE A SHORT-TERM INVESTMENT IN FAST-MOVING INVENTORY, SCALE OF WHICH WE MAY REVIEW AS SITUATION BECOMES CLEARER.OVER TIME, WOULD EXPECT TO SEE INVENTORY LEVELS RETURN TO A MORE NORMALISED LEVEL.IMPLEMENT MITIGATING ACTIONS TO ENSURE CO IS PREPARED FOR A UK EXIT FROM EU WITHOUT A FINAL WITHDRAWAL AGREEMENT.APPLIED FOR AUTHORISED ECONOMIC OPERATOR ACCREDITATION TO ENSURE SHIPMENTS PASS ACROSS UK/EU BORDER WITH REDUCED PHYSICAL CHECKS.WOULD LOOK TO SEEK TO SOURCE AND HOLD AS MUCH INVENTORY AS FEASIBLE DIRECTLY WITHIN CONTINENTAL EUROPE NETWORK.TO REDUCE ANY POTENTIAL INCREASE IN ADMINISTRATIVE BURDEN, CO INTRODUCING AN ELECTRONIC TRADING SYSTEM AHEAD OF MARCH 2019.
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Oct 4 (Reuters) - Electrocomponents Plc ::TRADING UPDATE.LIKE-FOR-LIKE REVENUE GROWTH REMAINED STRONG AT 10 PCT IN Q2 LEADING TO H1 LIKE-FOR-LIKE REVENUE GROWTH OF 10 PCT.SEEING SOME YEAR-ON-YEAR IMPROVEMENT IN H1 BUT FACE TOUGHER GROSS MARGIN COMPARATIVES IN H2.REMAIN ON TRACK TO DELIVER STABLE GROSS MARGINS IN OUR BASE BUSINESS FOR FULL YEAR.REMAIN ON TRACK TO DELIVER 4 MILLION POUNDS OF COST SAVINGS IN CURRENT FINANCIAL YEAR.GIVEN GOOD PROGRESS TO DATE, WE EXPECT HALF-YEAR ADJUSTED PROFIT BEFORE TAX TO BE AROUND 100 MILLION POUNDS (H1 2018: 79.0 MILLION POUNDS).WE PLAN TO INVEST IN ASIA PACIFIC IN BOTH DIGITAL AND CUSTOMER ACQUISITION.INVESTING TO FURTHER DEVELOP OUR CAPABILITIES IN ELECTRONICS AND SINGLE BOARD COMPUTING.
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July 5 (Reuters) - Electrocomponents PLC ::Q1 LIKE-FOR-LIKE REVENUE GROWTH REMAINED STRONG AT 10%.DIGITAL REVENUE GREW BROADLY IN LINE WITH GROUP OVERALL WITH LIKE-FOR-LIKE REVENUE GROWTH OF 9% DURING QUARTER.Q1 TRADING IS IN LINE WITH EXPECTATIONS.RS PRO, OUR OWN-BRAND BUSINESS OUTPERFORMED UNDERLYING GROUP WITH LIKE-FOR-LIKE REVENUE GROWTH OF 11% IN QUARTER.REMAIN CONFIDENT OF DELIVERING STABLE GROSS MARGIN IN CO'S BASE BUSINESS FOR YEAR.
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April 5 (Reuters) - Electrocomponents PLC ::FY GROUP REVENUE GROWTH OF 13 PERCENT VERSUS 5 PERCENT YEAR AGO.FY TOTAL EUROPE REVENUE GROWTH OF 11 PERCENT VERSUS 4 PERCENT YEAR AGO.COMPLETED FIRST PHASE OF PERFORMANCE IMPROVEMENT PLAN AND DELIVERED CUMULATIVE ANNUALISED SAVINGS OF £30 MILLION.FY AMERICAS REVENUE GROWTH OF 14 PERCENT.EXPECT RESULTS FOR YEAR ENDED 31 MARCH 2018 TO BE AHEAD OF OUR PREVIOUS EXPECTATIONS.SEES FY ADJUSTED PROFIT BEFORE TAX SLIGHTLY AHEAD OF TOP END OF MARKET CONSENSUS RANGE.Q4 LIKE-FOR-LIKE REVENUE GROWTH REMAINED STRONG AT 10% LEADING TO 13% REVENUE GROWTH FOR FULL YEAR.
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