Half Year Results 

Electrocomponents warns on comparatives

Electrocomponents warns on comparatives

Electrocomponents (ECM) noted a "cyclical return in demand" for electric components when it published full-year figures in May. Six months on and the global distributor cautioned that “trading comparatives will toughen” as the year progresses. This partly alludes to probable foreign-exchange effects, but shareholders will note the 13.3 per cent rise in underlying revenue at the half-year mark, together with a near one-third increase in underlying pre-tax profit.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now