StockMarketWire.com - Electrocomponents said Thursday it expects results for the year ended 31 March 2018 to be ahead of its previous expectations, with adjusted profit before tax slightly ahead of the top end of the market expectations.

The firm said fourth-quarter like-for-like revenue growth remained strong at 10%, leading to 13% revenue growth for the full year.

All five regions - including Northern Europe, Southern Europe, Central Europe, Asia Pacific and The Americas - continued to see strong like-for-like revenue growth in the fourth quarter despite toughening comparatives during the quarter.

Digital saw like-for-like revenue growth of 10% during the quarter, leading to full-year growth of 13%.

RS Pro, the firm's own-brand business, saw like-for-like revenue growth of 12% during the quarter, leading to full-year growth of 11%.




At 8:27am: [LON:ECM] Electrocomponents PLC share price was +19p at 597.6p



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