AGM Statement
18 Luglio 2003 - 2:00PM
UK Regulatory
RNS Number:7081N
Electrocomponents PLC
18 July 2003
Embargoed to 12.00 noon 18 July 2003
ELECTROCOMPONENTS PLC
Statement Made At Annual General Meeting On 18 July 2003
Trading Update
We announced our results for the year ended 31 March 2003 on 29 May 2003 and
provided a trading update.
Since May, the Group's monthly sales have continued to be broadly level with the
same period last year on a like-for-like basis. Regional sales have also
developed as stated in May, though sporadic strikes in Europe have caused some
disruption. Our e-commerce sales have continued to grow rapidly.
At the beginning of June we successfully switched to our new European integrated
system in France.
Gross margin, costs and cash flow have continued to be managed effectively.
Contacts:
Ian Mason Chief Executive 01865 204000
Jeff Hewitt Deputy Chairman / Finance Director 01865 204000
Diana Soltmann Flagship Consulting Ltd 0207 886 8440
Andy Berry Flagship Consulting Ltd 0207 886 8440
This information is provided by RNS
The company news service from the London Stock Exchange
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