Electrocomponents plc (ECM.L), in a pre-close trading update, stated that it expects fourth-quarter Group underlying sales growth to be around 1%. Group eCommerce sales growth will be around 8%, giving Group eCommerce sales share in the quarter of around 57%. The Group expects its headline profit before tax for the full year to be in line with market expectations. Fiscal 2013 sales are expected to be flat with prior year.
The Group said, as expected, during the second half its operating margin has responded positively to the actions to improve gross margin and control operating costs, and has benefitted from the efficiencies resulting from the implementation of new global organisation structure.
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