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.

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 to Investors Chronicle

Related topics

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