RS Group PLC (RS1)

[idpickering]

Trading Statement;

· Q1 Group like-for-like revenue growth was 4% as continued strong growth in Industrial revenue more than offset an expected slowdown in Electronics revenue.

o RS PRO and Digital continued to outperform Group growth with like-for-like revenue growth of 9% and 5% respectively.

o An expected reduction in Raspberry Pi sales ahead of the widely anticipated launch of Pi 4, had a c. 1% negative impact on Group like-for-like revenue growth.

· We remain focused on driving market share gains across all regions of the world.

o EMEA (64% of Group revenue) saw like-for-like revenue growth of 5% in Q1, predominantly driven by market share gains. We are seeing the strongest share gains in Northern Europe where our initiatives to improve the offer and drive value-added solutions are most advanced. We continue to focus on extending these initiatives across the broader region.

o The Americas (26% of Group revenue) saw flat revenue trends reflecting a softer market for industrial production.

o In Asia Pacific (10% of Group revenue) we continue to see strong growth in revenues in Australia and New Zealand and South East Asia, which more than offset declines in Greater China and Japan.

https://www.investegate.co.uk/electroco ... 00052762E/

[Breelander]

Half-year Report

Growth driven by market share gains

· Revenue growth of 7.3%, like-for-like up 4.5%, driven by strong market share gains
· Continued outperformance from RS PRO with like-for-like revenue growth of 9.7%
· Further improvements made to our offer - electronics franchise expansion, value-added solutions, OKdo
· Another step towards best-in-class customer experience - Group Net Promoter Score (NPS)4 rose 4.2% to 54.7

Increasing investment to improve offer and drive scalability

· Good progress on strategic initiatives in technology and supply chain which will drive growth and higher returns
· Gross margin of 43.7%, down 0.7 pts in line with guidance, primarily impacted by product mix and OKdo
· Adjusted operating profit margin down 0.6 pts due to gross margin reduction and increased strategic investment
· Profit before tax (PBT) fell 4.3% due to British Steel asset write-downs; adjusted PBT down 0.4% like-for-like

Growth in interim dividend supported by strong balance sheet

· Adjusted EPS up 3.5%, down 0.6% on a like-for-like basis; EPS down 4.4%
· 11.3% growth in interim dividend, in line with policy
· Strong balance sheet with net debt to adjusted EBITDA of 0.9x

...

....the Board proposes an interim dividend of 5.9p per share. This will be paid on 8 January 2020 to shareholders on the register on 29 November 2019.

https://www.investegate.co.uk/electroco ... 700100400T

[Breelander]

Full year Report.

LINDSLEY RUTH, CHIEF EXECUTIVE OFFICER, COMMENTED: "Electrocomponents delivered a strong performance in the year ended 31 March 2020 against an uncertain market backdrop and the impacts of the COVID-19 pandemic which started to impact trading volumes towards the end of the year....

We face this new challenge with a robust balance sheet and a clear Destination 2025 strategy. Our digital leadership, global distribution network and highly committed team differentiate us. We are taking tactical action to protect profit and conserve cash, while also accelerating key strategic initiatives to drive scale and efficiency to ensure we come out of this crisis strongly and well positioned for long-term value creation."

but the decision on the final dividend for 2020 is to be deferred until the half year results, when an additional interim may be paid.

The Board recognises the importance of the dividend but has decided it is prudent to defer the final dividend decision until it has greater visibility. At the half year, it will review making an additional interim dividend for 2020

https://www.investegate.co.uk/electroco ... 00036037O/

[Breelander]

RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2020

LINDSLEY RUTH, CHIEF EXECUTIVE OFFICER, COMMENTED:

" Electrocomponents has delivered a resilient performance with significant market share gains and robust cash generation despite the challenges our suppliers, customers and teams have faced whilst keeping safe. Over the last five years we have repositioned Electrocomponents to become a omni-channel and service-led solutions provider of a wide range of quality products and services. We are simplifying our business further and accelerating efficiency gains, enabling the Group to grow faster.

We are in difficult and uncertain times and we remain cautious about the economic outlook. However, what has become clear, especially over recent months, is that our value-added solutions offer provides competitive advantage, gross margin support and customer engagement that ensures customers are won and retained. Meanwhile our industry-leading omni-channel proposition positions us well versus peers. The operational building blocks and financial strength are in place for Electrocomponents to accelerate future growth and deliver ongoing outperformance."
...

An additional interim dividend for the year ended 31 March 2020 of 9.5p, to replace the deferred final dividend will be paid on 18 December 2020 to shareholders on the register on 20 November 2020 with an ex-dividend date of 19 November 2020. The estimated amount to be paid of £42.6 million has not been included as a liability in these accounts

An interim dividend for the year ending 31 March 2021 of 6.1p will be paid on 29 January 2021 to shareholders on the register on 8 January 2021 with an ex-dividend date of 7 January 2021 and the estimated amount to be paid of £27.3 million has not been included as a liability in these accounts.

https://www.investegate.co.uk/electroco ... 00067379E/

Dividend Declaration

Further to the announcement earlier today of its half yearly results for the six months ended 30 September 2020, the Company confirms that the additional interim dividend for the year ended 31 March 2020 of 9.5p per share will be paid on 18 December 2020 to those members on the Company's register at the close of business on 20 November 2020. The ex-dividend date will be 19 November 2020. The latest date for receipt of elections under the Company's dividend reinvestment plan is 5.00 pm (UK time) on 7 December 2020.

The Company also confirms that the interim dividend for the year ending 31 March 2021 of 6.1p per share will be paid on 29 January 2021 to those members on the Company's register at the close of business on 8 January 2021. The ex-dividend date will be 7 January 2021. The latest date for receipt of elections under the Company's dividend reinvestment plan is 5.00 pm (UK time) on 15 January 2021.

https://www.investegate.co.uk/electroco ... 00017392E/

[Dod101]

That is very impressive I must say. I know nothing of this company and having read the Annual Report I am not much wiser on what they actually do. However the Annual Report is well presented and they seem to tick all the boxes re governance and so on, plus a good return on capital employed of over 20%. They have an interesting range of directors, many leaders in some of our well respected plcs. That is quite unusual I think.

A modest dividend yield though at today's prices of only around 2%.

Dod

[Breelander]

That is very impressive I must say. I know nothing of this company and having read the Annual Report I am not much wiser on what they actually do....

Electronic components distribution. If you've ever worked in electronics you would have known them as RadioSpares, or since 1971 as RS Components. Their direct competitor is Premier Farnell.

[Breelander]

Electrocomponents is expanding by acquisition...

Strategically Attractive Acquisitions and Placing

Electrocomponents plc (Electrocomponents, the Company or the Group) announces that it has reached an agreement to acquire Synovos (the Synovos acquisition), a leading player in integrated supply solutions in the Americas, and has acquired Needlers (the Needlers acquisition), a leading UK provider of safety products and PPE (together the Acquisitions), for a total consideration of c.£150 million on a debt-free, cash-free basis.

https://www.investegate.co.uk/electroco ... 14051976I/

This is to be funded by a placing, which is also open to the public by a Retail Offer.

While the Placing has been structured as a non-pre-emptive offer so as to minimise cost, time to completion and use of management time, Electrocomponents values its retail investor base and wants to give those shareholders an opportunity to participate in the equity fundraise, alongside other investors.

After consideration of the various options available to it, the Company believes that the separate Retail Offer, which will give retail investors the opportunity to participate in the Company's equity fundraising alongside the Placing is in the best interest of shareholders, as well as wider stakeholders in Electrocomponents.

https://www.investegate.co.uk/electroco ... 14051976I/

[jackdaww]

That is very impressive I must say. I know nothing of this company and having read the Annual Report I am not much wiser on what they actually do....

Electronic components distribution. If you've ever worked in electronics you would have known them as RadioSpares, or since 1971 as RS Components. Their direct competitor is Premier Farnell.

=================================

i remember radiospares advertising in practical wireless in the 1950's , when i was a radio amateur .

could have worked at RS components as a freelance programmer , but didnt fancy corby .

[Breelander]

ELECTROCOMPONENTS PLC
RESULTS FOR YEAR ENDED 31 MARCH 2021

LINDSLEY RUTH, CHIEF EXECUTIVE OFFICER, COMMENTED: "Electrocomponents has delivered a strong performance in a challenging year. We continue to drive market share gains, invest in our organic growth opportunities and generate good cash flow. In addition, we welcomed three high quality businesses into our Group to accelerate our strategic aspirations. I am incredibly proud of how well our people stepped up to the challenge, and I thank them all.

While we remain mindful of external pressures including ongoing cost inflation and potential supply chain shortages, we are confident that we are well positioned for a rapidly changing world. The Group has carried strong momentum into the new financial year, and we are excited about the opportunities we see through our Destination 2025 strategic roadmap to drive profitable market share growth and operational efficiencies."

https://www.investegate.co.uk/electroco ... 00056553Z/

[Breelander]

4 November 2021, 7.00am

ELECTROCOMPONENTS PLC
RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 2021

STRONG PERFORMANCE WITH CONTINUED MARKET SHARE GAINS

LINDSLEY RUTH, CHIEF EXECUTIVE OFFICER, COMMENTED:

"Electrocomponents has delivered a very strong performance due to our differentiated offer and a robust market driving significant revenue growth and an improved operating profit margin on a one and two-year basis. Having repositioned the Group, we are now moving on to the next stage of our Destination 2025 strategy to drive stronger profitable growth. Integral to this strategy is our continued commitment to build a more sustainable and inclusive environment and today we launch the next stage of our ESG action plan, 'For a better world'. With less than a one percent share of our global market and a strong proposition that is taking share, we have never been more confident of our growth opportunities despite the external challenges being faced."

https://www.investegate.co.uk/electroco ... 00032742R/

[idpickering]

Change of Name.

On 30 March 2022 the Company announced its intention to change its name to "RS Group plc", as part of the Company's Journey to Greatness. The Company is pleased to confirm that this change has now taken effect.

Further information on RS Group is available at: http://www.rsgroup.com . The Company's stock market TIDM will become RS1 from 8:00 am (UK time) tomorrow, 4 May 2022. Our ISIN will remain unchanged.

https://www.investegate.co.uk/electroco ... 15031661K/

Moderator Message:
Thanks Ian. Subject adjustment made. - Chris