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Marginal miss by Electrocomponents

Marginal miss by Electrocomponents

Electrocomponents (ECM) delivered a 9.8 per cent increase in like-for-like revenue at the half-year mark, while achieving a 1.5 percentage point uplift in the adjusted operating margin. But even though sales growth has remained positive post-period-end, there is a suggestion that volumes could be slowing. The electronics distributor remains on track to meet analysts’ full-year expectations, although shareholders may be wary of the possible impact of external factors such as the US/China trade impasse on aggregate industry demand.

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