Electronic components distributor Electrocomponents saw
headline pretax profit decline 19.3 percent to £98.7 million in the year ending
31st March, attributed to “fewer trading days and currency”, reflecting
sluggish demand in overseas markets. Despite the challenges and thanks to improvements
in operating margin, the company delivered a “significant improvement in
financial performance” in the second half. Further, Electrocomponents
implemented a new global organisation structure during the year, which
delivered £7 million of annualised cost savings.
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