LONDON (dpa-AFX) - Electrocomponents Plc (ECM.L) provided interim management statement for the period from October 1, 2011 to January 31, 2012. The company stated that it performed well against strong comparatives during the four months to January 31, 2012. Group revenue grew by 4% year on year, with the International business growing by 5% and the UK by 1%. Within the International business Continental Europe grew by 5%, North America by 5% and Asia Pacific by 7%, the company noted. Electrocomponents further stated that the implementation of its strategy is delivering good results. The company added that it has a strong balance sheet and that there have been no significant changes to the Group's financial position during the period. Ian Mason, Group chief executive, said, 'The Group is performing well in the current macroeconomic environment. The implementation of our electronics, maintenance and eCommerce initiatives is driving business performance, with all regions delivering revenue growth. Our multichannel approach, with eCommerce at the heart of our business, has driven 16% eCommerce growth and channel share of 55%.'
Copyright RTT News/dpa-AFX
