Electrocomponents, distributor of electronics and maintenance products, has issued its interim management statement for the period from 1 October 2011 to 31 January 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%. In January Group revenue grew by around 1%.
The International business, which represents over 70% of Group sales, grew by around 1% and the UK was flat.
The company is also continuing to expand service and product offers in China. The enhanced RS websites and increasing spend on search engine marketing have contributed to strong eCommerce revenue growth of around 16%. eCommerce sales represented around 55% of Group sales in the period, up from 49% in the prior year.