In February, the British Distributor Premier Farnel closed off its business year 2007/2008 with a turnover of 744.7 m GBP (approximately 954 m Euro). This is an increase over the previous year of 3%. The profit before taxes is 71.2 million GBP (approximately 91 million Euro). Compared to 2006/2007 this is an increase of 14.3% The fourth quarter with a turnover of 197.7 million GBP (approximately 253 m Euro) and a profit before taxes of 20.3 m GBP (approximately 26 m Euro) contributed to the overall results.