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Electrocomponents PLC (ECM.L)

ECM.L on London Stock Exchange

618.00GBp
17 Jan 2018
Change (% chg)

-3.20 (-0.52%)
Prev Close
621.20
Open
618.60
Day's High
622.80
Day's Low
615.80
Volume
476,659
Avg. Vol
1,163,380
52-wk High
713.32
52-wk Low
464.17

Latest Key Developments (Source: Significant Developments)

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 

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 

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 FY pretax profit rises
Tuesday, 23 May 2017 

May 23 (Reuters) - Electrocomponents Plc ::FY revenue 1.51 billion stg versus 1.29 billion stg year ago.FY headline EPS 21 pence versus 12.6 pence year ago.FY pretax profit rose 264.2 percent to 127.1 million stg.FY headline profit before tax 128 million stg versus 76.8 million stg year ago.FY dividend 12.3 pence versus 11.75 pence year ago.Final dividend 7.3 penceper share.  Full Article

Electrocomponents says underlying revenue growth accelerated to 6 pct
Friday, 10 Feb 2017 

Electrocomponents Plc : Issues a trading update for four-month period to Jan. 31 2017. . Continued to make good progress to stabilise gross margin and reduce costs, we have delivered strong revenue growth and profitability . In four months to Jan. 31 2017, group underlying revenue growth accelerated to 6 pct, . All of our regional hubs seeing positive revenue trends during period. . RS pro, our own-brand business, which represents 12 pct of revenues grew by 5 pct . Ecommerce, which represents 60 pct of revenues increased by 6 pct. . December saw particularly strong growth, with both north America and Central Europe benefitting from weak comparatives in month. . Says we continue to make good progress on our cost initiatives and are on track to deliver 18 mln stg of net savings in year to March 2017. .Says we continue to expect FY 2017 revenue and profits to see a significant benefit from foreign exchange.  Full Article

Electrocomponents sees FY annualised net savings of at least 15 mln stg
Wednesday, 20 Jul 2016 

Electrocomponents Plc : Trading statement . Says in Q1, group underlying sales growth (1) was 1 pct . Says RS Pro, which represents 12.8 pct of revenues saw growth accelerate to 7 pct . Says remain confident of making further good progress in current year . Says gross margins improved, with Q1 margins rising by 0.3 pct points year on year as management initiatives on price . Says northern Europe continued to perform well, with UK seeing growth throughout period . Says too early to know impact of Brexit vote on UK and global economy .Says as anticipated saw a slower second half to quarter given a particularly strong comparator in southern and central Europe in June.  Full Article

UPDATE 1-Electrocomponents cautions on tough FY trading comparatives despite strong first-half

Nov 14 Electrocomponents Plc reported a 43.4 percent jump in first-half profit, but cautioned that trading comparatives will toughen as the year progresses.