logo-loader
Electrocomponents

Electrocomponents expects 2010/11 pre-tax profits in line after sales surge 19%

plug_350_4d4bc94c6a38d.jpg

Electrocomponents (LON:ECM) reported that sales rose 19% in the four months to 31 January with the international business growing by 23%.

The group expects the headline profit before tax for the year ending 31 March 2011 to meet its expectations.

Electrocomponents’ electronics offer was the strongest performing category, benefiting from the introduction of a further 15,000 new products.

Revenues at eCommerce grew by around 31% and now represents 50% of group sales, up from 45% a year ago.

“I am pleased that the strong performance reported in the first half of the financial year has continued into the second half," said chief executive of Electrocomponents Ian Mason.

"We are implementing our strategy at pace with eCommerce reaching 50% of group revenues for the first time and DesignSpark, our leading online electronics design resource, attracting more than 270,000 visitors since its launch in July,” he added.

Quick facts: Electrocomponents

Price: £5.53

Market: LSE
Market Cap: £2.46 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Arcadia Biosciences makes major progress on its hemp venture...

Arcadia Biosciences Inc (NASDAQ:RKDA) CEO Raj Ketkar tells Proactive the California-based company expects to “significantly scale revenues in 2020” as it reported financial and business results for the second quarter and first half of 2019. Ketkar says the agricultural innovation company made...

1 day, 13 hours ago

RNS

Total Voting Rights

2 weeks, 3 days ago

Director/PDMR Shareholding

3 weeks, 4 days ago

Director/PDMR Shareholding

4 weeks, 2 days ago

Result of AGM

on 07/17/2019

Holding(s) in Company

on 07/15/2019

Trading Statement

on 07/03/2019

Total Voting Rights

on 07/01/2019

2 min read