Electrocomponents maintains its 2015 final dividend

DividendMax Ltd.

Electrocomponents maintains its 2015 final dividend

Financial highlights

3% Group underlying sales growth, with 6% International growth and 2% UK decline

International driven by 10% growth in North America and 4% growth in both Europe and Asia Pacific

UK Contribution reduced by 8% (£9 million) due to revenue and gross margin declines

Gross margin declined by 1.3% points, reflecting mix, negative FX and discounting

Headline profit before tax(2) declined by 21%, with 8% (£8 million) due to fewer trading days and currency

Reported profit before tax decreased by 5% benefitting from a £20 million pension credit

Strong balance sheet with net debt: EBITDA of 1.3 times

In August the group signed a new £172 million syndicated multicurrency facility

Full year dividend per share maintained at 11.75 pence

Operational highlights

Group eCommerce sales growth of 6%, with share rising to 59% of Group revenues

Extensive enhancements to our websites, particularly search and browse functionality

Significant new product introduction, around 62,000 new products introduced to RS and 13,000 to Allied

Good progress extending the Global Offer with 27% of products available globally (up from 10%)

Successfully rolled out existing SAP-based IT system to Japan completing global rollout

Companies mentioned