Electrocomponents hold 2014 full year dividend at 11.75p

DividendMax Ltd.

Electrocomponents hold 2014 full year dividend at 11.75p

Financial highlights

2% Group underlying sales growth, with 4% International growth and 2% UK decline

International driven by 4% growth in both Europe and North America, 2% growth in Asia Pacific

UK sales excluding Raspberry Pi declined by 1% (flat Q4), with UK profits up 4%

Gross margin stable at 45.9%, benefitting from our value for money strategic initiatives

Group operating margin up 20 basis points to 8.3% with good cost control

Headline profit before tax increased by 7%, or 3% excluding extra trading days and currency

Continued strong cash generation with headline free cash flow up by 4%

Operational highlights

Group eCommerce sales growth of 6%, with Group eCommerce sales share up to 58%

Significant enhancements to our websites, particularly regarding search and browse functionality

Successful launch of DesignSpark Mechanical, our latest free-of-charge design tool for engineers

Sales growth of 4% in Famous For products, comprising electronics and automation and control

Strategy underway to build a consistent global offer across RS and Allied

Successfully rolled out existing SAP-based IT system to South East Asia and Greater China

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