Electrocomponents maintains its 2015 interim dividend at 5p.

DividendMax Ltd.

Electrocomponents maintains its 2015 interim dividend at 5p.

Financial Highlights

Group underlying sales growth of 3%, with 5% International growth and 2% UK decline

International sales driven by 10% growth in North America, 2% in Europe with Asia Pacific up 5%

Gross margin declined by 0.7% points, reflecting mix and increased discounting in UK and Asia Pacific

Headline profit before tax decreased by 16%, with 10% (£4m) due to fewer trading days and currency

Reported profit before tax increased by 24%, benefitting from a £20m non-cash pension credit

Headline cash flow impacted by increased capex and stock investment to drive the global product offer

Strong balancesheet with net debt:EBITDA of 1.2 times

Interim dividend per share maintained at 5.0 pence


Operational Highlights

Group eCommerce sales growth of 5% with share of Group sales at 58%

Famous Forproduct sales, comprising electronics and automation and control, grew by 5%

Added 33,000 new products in RS and 30,000 in Allied, primarily in our Famous For categories

15% of product range now available to customers around the world, up from 10% at the end of March

Completed global roll-out of SAP; final market, Japan, went live in October

Reorganisation of APAC and UK sales forces undertaken to drive cost efficiencies and greater focus

Companies mentioned